Why KE Holdings (BEKE) Stock Is Rising

KE Holdings Inc - ADR BEKE shares are trading higher by 7.17% to $14.50 Monday afternoon amid loosened COVID-19 restrictions in China and a meeting between Chinese President Xi and President Biden.

What Else?

Chinese Premier Li Keqiang said the country’s economy has grown 3% over the past three quarters and is stabilizing on an "upward trend" while he vowed to continue supporting the economy with policy measures, reported Reuters.

China reported 14,878 new COVID-19 infections for Nov. 12, which include a record number of new daily cases in Beijing, as well as in manufacturing hubs Guangzhou and Zhengzhou, reported Reuters...Read More

See Also: When Will US Inflation Decline? Goldman Sachs Gives Timeline

KE Holdings is engaged in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China.

According to data from Benzinga Pro, BEKE has a 52-week high of $25.08 and a 52-week low of $7.31.

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