HK Stock Market Move | JIAXIN INTL RES(03858) rises by 8%, tungsten prices continue to rise, and the company is included in the Hang Seng Composite Index.

JIAXIN INTL RES (03858) rose 8% to 83 Hong Kong dollars as of the press release, with a trading volume of 152 million Hong Kong dollars. On the news front, Chongyi Zhangyuan Tungsten recently raised the purchase price for long orders for February 2026. According to China Tungsten Online, as of the press release, the price of 65% black tungsten concentrate is 735,000 yuan per metric ton, up 59.8% from the beginning of the year; the price of tungsten powder is 1800 yuan per kilogram, up 66.7% from the beginning of the year. Sinolink believes that overseas high inventories may further support price increases. In addition, Hang Seng Indexes Company has announced the quarterly review results of the Hang Seng Index Series up to December 31, 2025, with JIAXIN INTL RES being included in the Hang Seng Composite Index. The changes will take effect on March 9, and the Shanghai and Shenzhen Stock Exchanges will adjust the scope of eligible investments for the Stock Connect accordingly. According to a research report from Zhongjin, JIAXIN INTL RES may be included in the Stock Connect, as it meets a series of criteria including market value, liquidity, and listing time.