Shares of KE Holdings Inc. (BEKE), a leading Chinese real estate platform, plummeted by 5.38% in pre-market trading on Thursday, October 11th, as investors grew concerned about the potential impact of China's upcoming economic stimulus plan.

The sell-off in KE Holdings' stock was part of a broader decline in Chinese American Depositary Receipts (ADRs) and Exchange-Traded Funds (ETFs) ahead of a highly anticipated briefing from China's finance minister, scheduled for this weekend. Investors are eagerly awaiting details on the scale and focus areas of the government's planned fiscal stimulus measures, aimed at shoring up the world's second-largest economy.

While most analysts expect China to unveil a package worth around 2 trillion yuan ($283 billion), there is uncertainty regarding the specific measures and their potential effectiveness in reviving consumer confidence and boosting economic growth. Concerns linger about the government's ability to rebalance the economy away from its traditional reliance on debt-fueled investment, particularly in the real estate and infrastructure sectors.