Stock Track | KE Holdings Surges Over 5% as Chinese Fintech Stocks React to Government Stimulus

Stock Track

2024-10-15

KE Holdings Inc. (BEKE), the owner of the Beike real estate platform, saw its stock soar over 5% on Monday as Chinese fintech companies experienced mixed reactions to the government's latest economic measures aimed at reviving growth.

The rally came after China and Hong Kong's stock markets reopened following the two-week-long Golden Holiday. While the Hang Seng Index fell 0.8%, the Shanghai and Shenzhen composite indexes made notable gains, with the latter climbing 3%.

Trading was volatile among Chinese fintech stocks, with online brokerage UP Fintech (TIGR) plunging 10% and rival Futu Holdings (FUTU) dropping 2.6%. However, several consumer finance companies saw significant increases, including LexinFintech (LX) surging 8.4%, Lufax Holding (LU) climbing 4.7%, and KE Holdings (BEKE) rising 1.6%.

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(BEKE), the owner of the Beike real estate platform, saw its stock soar over 5% on Monday as Chinese fintech companies experienced mixed reactions to the government's latest economic measures aimed at reviving growth.</p>\n<p>The rally came after China and Hong Kong's stock markets reopened following the two-week-long Golden Holiday. While the Hang Seng Index fell 0.8%, the Shanghai and Shenzhen composite indexes made notable gains, with the latter climbing 3%.</p>\n<p>Trading was volatile among Chinese fintech stocks, with online brokerage UP Fintech (TIGR) plunging 10% and rival Futu Holdings (FUTU) dropping 2.6%. However, several consumer finance companies saw significant increases, including LexinFintech (LX) surging 8.4%, Lufax Holding (LU) climbing 4.7%, and KE Holdings (BEKE) rising 1.6%.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BEKE","symbol_name":"贝壳","start_time":0,"source_url":"","article_id":"1143194689","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143194689","pubTimestamp":1728954739,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"KE Holdings Inc. , the owner of the Beike real estate platform, saw its stock soar over 5% on Monday as Chinese fintech companies experienced mixed reactions to the government's latest economic measures aimed at reviving growth.The rally came after China and Hong Kong's stock markets reopened following the two-week-long Golden Holiday. 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