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Why Chinese Tech Stocks Were Slipping Again Today

·3 min read
Why Chinese Tech Stocks Were Slipping Again Today
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Shares of Chinese tech stocks were falling for the third session in a row Tuesday in the ongoing fallout from the Chinese government's crackdown on the for-profit education sector. Oddly, Chinese tutoring stocks like New Oriental Education Group and TAL Education Group that had seen nearly all of their value wiped out over the last two days were gaining today as some investors saw the sell-off as a buying opportunity.