Why Chinese Education Stocks Keep Falling
For the second day running, Chinese education stocks New Oriental Education & Technology Group (NYSE: EDU), Gaotu Techedu (NYSE: GOTU), and TAL Education Group (NYSE: TAL) received failing grades from investors on Friday.
As of 11:05 a.m. ET, New Oriental Education is down 6.6%, Gaotu Techedu is down 8.5%, and TAL is leading the whole sector lower with a 10.7% loss.
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Source Fool.com
