KE Holdings (BEKE) Falls on Chinese Property Market Crash

We recently published a list of 10 Stocks Take A Shocking Nosedive. KE Holdings Inc. (NYSE:BEKE) is one of the worst-performing stocks on Thursday.

KE Holdings declined by 4.18 percent on Wednesday to finish at $18.13 apiece as investor sentiment was dragged down by fears of a crashing property market in China.

This followed data from China’s National Bureau of Statistics that home prices in 70 major Chinese cities declined for the 24th month in May—down 0.2 percent, as compared with the 0.1 percent in April.

New home prices retreated by 4.1 percent from the same period last year, narrower than the 4.5 percent in April 2025.

The drop spilled over to stocks of KE Holdings Inc. (NYSE:BEKE), one of the leading online real estate transaction platforms in China.

Aerial shot of a modern real estate development with residential homes.

In the first quarter of the year, KE Holdings Inc. (NYSE:BEKE) saw net income attributable to shareholders increase by 98 percent to 856 million yuan from 432 million yuan in the same period last year.

Total net revenues grew by 42 percent to 23 billion yuan from 16.4 billion yuan year-on-year.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.