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Why Chinese Education Stocks Plummeted on Wednesday

·2 min read
Why Chinese Education Stocks Plummeted on Wednesday

Shares of Chinese education companies plummeted today following a report that the Chinese government is about to impose a variety of strict regulations on the sector. Fears and rumors have been swirling for months, rattling investors and weighing on Chinese education stocks. Additionally, Morgan Stanley downgraded some of the companies based on expectations of stringent rules.