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Why Chinese Stocks Were Tumbling en Masse Today

Jeremy Bowman, The Motley Fool
·3 min read
Why Chinese Stocks Were Tumbling en Masse Today

Chinese stocks were diving today, once again on fears of a regulatory crackdown by the Chinese government. This time the focus was on Chinese education stocks as a number of news outlets reported that officials may ask Chinese tutoring companies like TAL Education Group and New Oriental Education Group to become nonprofits, a move that would have obvious consequences for investors. The fallout hit Chinese stocks broadly and came as fears have been mounting over intervention from the Chinese Communist Party.

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