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.
8. Li Auto Inc. (NASDAQ:LI)
Li Auto declined for a fourth day on Monday, shedding 6.76 percent to finish at $21.51 apiece as investors disposed of Chinese stocks amid the escalating trade tensions between the US and China.
In recent news, LI announced its entry into the Philippine market as demand for electric vehicles in the country continues to rise. It tapped HomeAuto Inc. as its official distributor in the country.
Notably, the Philippines is LI’s first market in Southeast Asia to offer its range of family-oriented range-extended EVs.
“We are thrilled to introduce Li Auto’s innovative smart electric vehicles to the Philippines,” said Stone Yu, CEO of HomeAuto Inc. “The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and growing interest in modern technology. Filipinos’ strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.”
7. Petroleo Brasileiro SA – Petrobras (NYSE:PBR)
Petroleo Brasileiro dropped for a fourth consecutive day on Monday, losing 8.53 percent to end at $12.01 apiece as investors sold off on news that it was unlikely to lower its diesel prices despite a request from Brazil’s energy minister.
A report by Reuters quoting PBR CEO Magda Chambriard said that the company will not bring jitters from overseas to the Brazilian market, after reports that Brazil’s Mines and Energy Minister Alexandre Silveira requested her to consider a new cut in the average price of diesel sold to distributors in Brazil.
“We should not do anything now, while the geopolitical scenario is in such anxiety and turbulence,” Chambriard was quoted as saying in an interview with Reuters.
In other news, PBR recently completed the construction of a veterinary center in the Amazon town of Oiapoque, Amapá.
The veterinary center is intended to provide care for wildlife in the event of an oil spill.
6. Strategy Inc. (NASDAQ:MSTR)
Strategy Inc., formerly MicroStrategy, saw its share prices decline by 8.67 percent on Monday to end at $268.14 apiece following news that it paused from acquiring Bitcoins between March 31 and April 6 amid the ongoing market uncertainties.
The news weighed down on investor sentiment especially with MSTR’s knack for purchasing Bitcoins every week.
However, MSTR reportedly purchased 22,048 Bitcoins for $1.92 billion the week before, marking their largest acquisition to date.
Last Tuesday, investment firm TD Cowen reaffirmed its Buy rating and a price target of $550 for MSTR over its $722.5-million fixed income offer that could bolster its acquisition of more Bitcoins.
According to the analyst, the issuance of non-convertible preferred shares was a strategic move that would allow the company to advance its Bitcoin acquisition strategy.
MSTR was among the Bitcoin mining giants that earned a boost from the US government’s backing of the cryptocurrency industry.
According to President Donald Trump, he plans to make the cryptocurrency industry a national priority.
5. XPeng Inc. (NYSE:XPEV)
XPeng dropped its share prices for a second day on Monday, slashing 8.7 percent to end at $17.74 apiece as investors disposed of positions in Chinese stocks to minimize the risks amid the ongoing US-China trade tensions.
Especially with XPEV’s plans to double down on its international market expansion this year, the escalating trade war has raised concerns about whether the aggressive program remains on track.
In recent news, XPEV officially entered the Polish market on Monday where it introduced three of its cutting-edge electric vehicles: the flagship G9 SUV, the ultra-intelligent G6 coupe SUV, and the sleek P7 sedan-each of which has earned the prestigious Euro NCAP 5-star safety rating.
It also unveiled the futuristic eVTOL XPENG X2, signaling a bold new chapter in AI-driven mobility that spans from smart EVs to flying cars.
4. Alibaba Group Holding Ltd. (NYSE:BABA)
Shares of Alibaba Group declined for a fourth straight day on Monday, losing 9.06 percent to end at $105.98 apiece as investors disposed of Chinese stocks to minimize the potential risks from the ongoing US-China trade tensions. In Hong Kong, its share prices were also down by 17.98 percent.
In recent news, the e-commerce giant announced it would expand heavily in Artificial Intelligence over the next three years, more than the amount it spent over the past decade. The announcement came at a time when companies and industries in China are slowly integrating DeepSeek into their operations to support growth.
Wu, however, declined to elaborate on the amount to allocate but emphasized that the primary objective was to pursue AI. Part of its plans would see the launch of a deep reasoning model as it seeks to compete with DeepSeek and OpenAI’s recent models that have reasoning capabilities for solving complex tasks.
3. The Goodyear Tire & Rubber Company (NASDAQ:GT)
The Goodyear Tire & Rubber Company dropped for a second day on Monday, losing 9.07 percent to end at $8.82 apiece as investors parked funds while waiting for further updates on the escalating trade tensions globally coupled with a pessimistic comment from a former hedge fund.
In the Thursday episode of the Mad Money show, host and former hedge fund manager Jim Cramer advised a caller about what he thinks about GT’s stock.
“Value trap, my friend, value trap. So many people have tried to make this thing work in my career so many times and every time that’s happened, it just doesn’t pay off,” he said. “They did the restructuring, and the stock has been knocked down like every industrial company has.”
Last week, GT earned an upgrade in its stock rating from Deutsche Bank to “buy” from “hold” previously, citing improved execution on asset sales and cost savings under the company’s Goodyear Forward restructuring plan.
“The rubber has met the road,” said Deutsche Bank analysts, highlighting progress in divestitures and operational efficiencies.
2. UWM Holdings Corporation (NYSE:UWMC)
UWM Holdings Corp. declined for a third consecutive day on Monday, losing 10.85 percent to finish at $4.93 apiece as investor sentiment was dampened by news that mortgage rates have started falling in the aftermath of President Donald Trump’s tariff policies.
With the drop in consumer confidence and the escalating trade war, fears of an economic slowdown could lead to a slowdown in housing market activity, which in turn could affect UWMC’s business operations.
In recent news, UWMC named Rami Hasani as its new CFO, effective on April 1. He replaced Andrew Hubacker, who moved into a senior advisor role for the company.
Hasani joined UWMC in November 2020 as vice president for financial reporting and compliance.
“Since joining UWM in 2020, he (Hasani) has been a valuable part of our team, and we have no doubt he will continue to make a significant impact in this new role,” said UWMC President and CEO Mat Ishbia.
1. TAL Education Group (NYSE:TAL)
TAL Education fell for a third day on Monday, losing 10.91 percent to end at $10.94 apiece as investors dumped Chinese stocks amid the escalating trade tensions between the US and China.
On the same day, TAL officially entered the oversold territory, hitting a relative strength index reading of 29.1.
TAL, a smart learning solutions provider in China, announced last week that it will release its unaudited financial results for the fourth quarter and fiscal year 2025 before the market opens on Thursday, April 24, 2025.
TAL is investing heavily in Artificial Intelligence in a bid to bolster its modern learning products and services.
Just recently, it launched what it called the “Genius Tutor,” an AI-powered system that transforms learning into an interactive and engaging experience.
The GeniusTutor was built on the Microsoft Azure OpenAI GPT-4o model, which provides real-time guidance and feedback.
It also aims to empower students to conquer complex math problems through logic-driven, step-by-step explanations, master writing with interactive prompts and instant feedback that build confidence and creativity, and enhance vocabulary and reading skills with innovative tools like “Point-and-Discover.”
While we acknowledge the potential of TAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TAL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
