A crackdown on the education industry in China has J.P. Morgan throwing in the towel on U.S.-listed education stocks that have been hammered in the last two sessions.
Tutoring industry stocks plummeted after Chinese officials confirmed a crackdown on after-school education businesses.
CNBC's "Squawk on the Street" team discusses about China's tech crackdown.
The stock price of TAL Education Group (NYSE: TAL) fell by over 25% pre-market. This is why it happened.
Yale's Stephen Roach, who served chairman of Morgan Stanley Asia, believes Beijing's crackdown against U.S.-listed China stocks have major market implications.
The new regulatory restrictions will ban most of K12 after-school tutoring activities or turn TAL K12 services into non-profit businesses. Not all Chinese government policies were fully delivered.
BEIJING, July 25, 2021 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China, announced that, on July 24, 2021, Chin
What Happened: China has announced a set of regulations that effectively ban the operation of for-profit education companies in the country. The new rules will no longer allow companies that teach sch
What did the stock market do today? It continued to tune into earnings reports, and it watched Chinese stocks tank drastically.
New regulations could decimate China's $100 billion private education industry.

Why Agora Stock Plummeted 22% on Friday

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The Chinese Communist Party is cracking down on more businesses.
A crackdown on tutoring stocks set off another panic.
Today, Chinese stocks are plummeting as the Chinese government announced further market interventions that investors are viewing negatively. The post TAL, GOTU, EDU: Why Are Chinese Stocks Down Today?
Chinese education stocks are taking a beating on Friday thanks to new restrictions placed on them by their home country's government. The post Chinese Education Stocks: What's Happening With TAL, GOTU
CNBC's Jim Cramer joins the "Squawk Box" team discusses Snap and Twitter earnings, China's tech crackdown, markets and more.
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