KE Holdings Inc. (NYSE: BEKE) saw its stock surge 5.40% in pre-market trading on Monday, riding the wave of a broader rally in Chinese property stocks and buoyed by the company's recent share repurchase program. The stock's movement is part of a larger trend seeing Chinese ADRs gain significant ground in early trading.

The rally in Chinese property stocks comes as investors react positively to new measures aimed at boosting home buying in Shanghai. These measures, including property tax waivers for eligible first-time buyers and the lifting of restrictions on purchases in suburban areas, have reinforced hopes for broader stimulus in the sector. The Hang Seng Mainland Properties Index was up 4.4% by midday Monday, reflecting the overall optimism in the real estate market.

Adding to the positive sentiment, KE Holdings recently announced a significant share repurchase program. On August 22, 2025, the company spent $4 million to buy back 648,000 shares at prices ranging from $6.10 to $6.22 per share. This move demonstrates management's confidence in the company's future prospects and has been well-received by investors. Share repurchase programs are often viewed favorably as they can lead to improved earnings per share and signal a company's belief that its stock is undervalued.

As KE Holdings continues to navigate the dynamic Chinese real estate market, the combination of sector-wide stimulus hopes and company-specific actions appears to be driving investor enthusiasm. However, market participants will be closely watching for any further developments in China's property sector and the company's performance in the coming quarters.