On July 22, KE Holdings-W declined 3.27% in regular trading, trading at 43.2 HKD/share, with turnover of approximately 22 million HKD. The decline was driven by overnight weakness in the company's US-listed ADR, which fell 2.47% to $16.97 on July 21, prompting the Hong Kong-listed shares to follow suit.

On the news front, KE Holdings repurchased 353,649 shares on the NYSE on July 20 at prices between $5.61 and $5.71 per share, spending approximately $2 million. Notably, the daily buyback amount has declined materially from approximately $5 million per day in early July to around $2 million in recent sessions. Since obtaining shareholder authorization on June 12 to repurchase up to 346.24 million shares, the company has cumulatively repurchased approximately 19.63 million shares, representing 5.67% of the total authorized amount. The diminishing buyback intensity may have weakened market expectations for near-term price support, contributing to selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)