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home / news releases / BEKE - Why did KE Holdings stock plummet today? Broad risk-off day

BEKE - Why did KE Holdings stock plummet today? Broad risk-off day

KE Holdings Inc American Depositary Shares (each representing three Class A)
While China's property market continues to struggle, shares of China-based online real estate brokerage and financial services firm KE Holdings (NYSE:BEKE) fall 10.6% on Monday as stock markets around the globe face a broad risk-off day. Recall last week that Muddy Waters released a 77 page short report on KE Holdings (BEKE), saying the company "is a substantial fraud like #luckinCoffee," according to a tweet. A day later, KE Holdings (BEKE) refuted Muddy Waters' report, alleging it contains numerous errors of fact. Most China fintech firms underperform on Monday including: FinVolution Group (FINV -9.6%), LexinFintech Holdings (LX -8.7%), 360 DigiTech (QFIN -5.9%), and Futu Holdings (FUTU -1.2%). Previously, (Sep. 7) KE Holdings planned a Hong Kong stock listing.

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Why did KE Holdings stock plummet today? Broad risk-off day
Stock Information
Company Name: KE Holdings Inc American Depositary Shares (each representing three Class A)
Stock Symbol: BEKE
Market: NYSE
Website: investors.ke.com
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