--- title: "Hong Kong stock movement: JIAXIN INTL RES rises 10.41%, driven by soaring tungsten prices and the dual benefits of inclusion in the Hang Seng Index" type: "News" locale: "en" url: "https://longbridge.com/en/news/276844866.md" description: "JIAXIN INTL RES rose 10.41%; Luoyang Molybdenum Industry rose 2.95%, with a transaction amount reaching HKD 715 million; Minmetals Resources rose 4.29%, with a transaction amount reaching HKD 612 million; Universal Gold Group rose 6.74%, with a transaction amount reaching HKD 448 million; Liqin Resources rose 8.85%, with a market value reaching HKD 46.3 billion" datetime: "2026-02-25T06:56:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276844866.md) - [en](https://longbridge.com/en/news/276844866.md) - [zh-HK](https://longbridge.com/zh-HK/news/276844866.md) --- # Hong Kong stock movement: JIAXIN INTL RES rises 10.41%, driven by soaring tungsten prices and the dual benefits of inclusion in the Hang Seng Index **Hong Kong Stock Movement** JIAXIN INTL RES rose 10.41%. Based on recent news, 1. On February 25, Zhangyuan Tungsten increased the long-term procurement price, leading to a significant rise in tungsten concentrate and tungsten powder prices, supporting the stock price of JIAXIN INTL RES. The price of 65% black tungsten concentrate is reported at 735,000 yuan/standard ton, up 59.8% since the beginning of the year; tungsten powder is priced at 1,800 yuan/kg, up 66.7% since the beginning of the year. 2. On February 25, Hang Seng Index Company announced that JIAXIN INTL RES will be included in the Hang Seng Composite Index, with the change effective on March 9, and the market expects it to be included in the Hong Kong Stock Connect, further boosting investor confidence. 3. On February 24, cornerstone investors of JIAXIN INTL RES were released from lock-up, with institutions like Cinda releasing a total of over 60 million shares, improving market expectations for its liquidity. The rise in tungsten market prices and the adjustment of the Hang Seng Index contributed to this. **Stocks with High Trading Volume in the Industry** Luoyang Molybdenum rose 2.95%. Based on recent news, 1. On February 22, Luoyang Molybdenum announced plans to invest $1.015 billion to acquire 100% equity in four gold mines in Brazil. This move will significantly increase the company's gold production, expected to reach 8 tons annually, enhancing market confidence in the company's future profitability and driving up the stock price. 2. On February 22, changes in Luoyang Molybdenum's management brought positive effects. Hongshang Group gradually delegated power to Luoyang Molybdenum's management and introduced core executives from Zijin Mining, New Energy, Huawei, etc., improving the company's operational efficiency and management level. The gross profit margin and net profit margin increased to 22.0% and 11.3%, respectively, in the first three quarters, further boosting investor confidence. 3. On February 22, the rise in copper and cobalt prices positively impacted Luoyang Molybdenum's performance. With the increase in copper and cobalt prices, the company's business revenue in these areas significantly increased, further driving up the stock price. The mining industry has recently performed strongly, with rising resource prices. Minmetals Resources rose 4.29%. Based on recent key news: 1. On February 25, copper stocks collectively rose, with Minmetals Resources increasing by 4.19%. Citigroup released a research report stating that it is optimistic about copper prices in the short term, expecting them to reach $14,000 per ton in the next three months. Investors are buying on dips, and the replenishment of inventory in the Chinese supply chain after the Spring Festival supports the copper price trend. Source: Zhitong Finance 2. On February 23, DBS analyst Eunyoung Lee maintained a buy rating on Minmetals Resources, with a target price of HKD 13.10. Analysts generally have a strong buy consensus on Minmetals Resources, with an average target price of HKD 11.02. Source: DBS 3. On February 25, Goldman Sachs pointed out that most commodities will continue to perform strongly in early 2026, and investors' willingness to diversify into hard assets will be a key driver of commodity prices. Source: Zhitong Finance. Copper prices are bullish, and investors' willingness to allocate hard assets is increasing Wanguo Gold Group, up 6.74%, with a transaction volume of HKD 448 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks ranked among the top in industry market capitalization** Liqin Resources, up 8.85%, with a market capitalization of HKD 46.3 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [03858.HK](https://longbridge.com/en/quote/03858.HK.md) ## Related News & Research - [Poland - Factors to Watch June 9](https://longbridge.com/en/news/289142985.md) - [Trump’s name removed from Kennedy Center website branding](https://longbridge.com/en/news/289101851.md) - [Trump administration seeking to revoke citizenship of 17 in latest denaturalization push](https://longbridge.com/en/news/289085757.md) - [Italy's Prada expands space ambitions with NASA moonwear collaboration](https://longbridge.com/en/news/289015836.md) - [00:00 ETIEP - Rekordkonflikte treiben den Frieden auf ein historisches Tief, während die KI-Kriegsführung zunimmt](https://longbridge.com/en/news/289133379.md)