Chinese Stocks Dominate Monday’s 10 Worst Performers

Wall Street’s main indices finished mixed on Monday as investors remained cautious amid the escalating trade tensions globally, with President Donald Trump threatening to slap China anew with a 50-percent tariff if the latter does not withdraw its countermeasure.

The tech-heavy Nasdaq was the sole gainer during the day, up 0.10 percent. In contrast, the Dow Jones declined by 0.91 percent and the S&P 500 dropped by 0.23 percent.

Meanwhile, 10 companies—predominantly Chinese stocks—were sold down as investors moved away to minimize the potential risks from the trade war.

In this article, we have identified Monday’s worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A stock market chart. Photo by Arturo A on Pexels

10. KE Holdings Inc. (NYSE:BEKE)

KE Holdings dropped for a second day on Monday, shedding 6.49 percent to end at $18.29 apiece as investors sold off positions on Chinese stocks amid the ongoing trade tensions between the United States and China.

BEKE is a Chinese property holding company that engages in online and offline platforms for housing transactions and services. In recent news, it announced a dividend of $0.12 per ordinary share, or $0.36 per ADS, to holders of ordinary shares and ADS as of record date April 9, 2025, for Beijing, Hong Kong, and US time zones.

The aggregate amount will be approximately $400 million and will be funded by a cash surplus on the company’s balance sheet.

In the fourth quarter of the year, BEKE’s net income dropped by 13.9 percent to RMB577 million from RMB670 million in the same period a year earlier, despite revenues growing by 55 percent to RMB31 million from RMB20 million.

For the full year 2024, net income declined by 30.7 percent to RMB4.078 billion from RMB5.889 billion, while revenues increased by 20.8 percent to RMB93 billion from RMB77 billion year-on-year.

9. Grab Holdings Ltd. (NASDAQ:GRAB)

Grab Holdings extended its losses for a third straight day on Monday, shedding 6.70 percent to end at $3.48 each as investors sold off positions to mitigate the risks from the ongoing trade tensions globally.

While not directly impacted by the trade war, GRAB recently formed a tie-up with Amazon.com and China’s Tencent Holdings in hopes of propping up its revenues.

Under the deal, a tourist can now call a ride by pressing the GRAB icon embedded in Tencent’s WeChat. The mini program then prompts the user to enter the destination.

With the escalating trade war between the US and China, any impact on Tencent Holdings could potentially affect GRAB, which operates in 480 cities across eight countries in the region, where the WeChat feature can be used.

Tencent charges Grab a fee for its service.