The stock price of New Oriental Education & Technology Group (NYSE: EDU) increased by over 14% during intraday trading. This is why it happened.
Days of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific.
Shares of Alibaba, JD.com, and Full Truck Alliance were all sliding this morning.

Why Chinese Education Stocks Bounced Back Today

12:26pm, Tuesday, 27'th Jul 2021
Sell the rumor, buy the news?
China's move to ban private tutoring firms from making a profit from teaching core school subjects and raising capital is set to trigger a scramble among venture and private equity investors to find a
JPMorgan Private Bank's Alex Wolf says China's education stock crackdown could affect the profitability of Chinese education companies and possibly have broader ramifications on some U.S.-listed share

Beijing cracks down on private education firms

07:30pm, Monday, 26'th Jul 2021
Former State Department senior adviser Christian Whiton breaks down the decision on 'FOX Business Tonight'
Chinese stocks are going on sale, but it's not clear if they're a great deal.
News that the government was suffocating the Chinese education sector weighed on tech stocks as well.
A regulatory crackdown sent investors scrambling for the exits.
Brendan Ahern, KraneShares chief investment officer, joins 'Power Lunch' to discuss the crackdown on China's tutoring programs, the government's strategy and the state of some Chinese internet names.
A broad index tracking US-listed Chinese stocks has lost 30% of its value this year alone.
Steve Weiss explains to Scott Wapner on the 'Halftime Report' why he's shorting certain Chinese education and tech stocks. "Stay away from these, too much risk," Weiss tells Wapner.
This week may look like any other for most people, but it has turned into a sudden life-or-death situation for many of China's private education companies. Among the roughly dozen U.S.-listed Chinese
Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities
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