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Why Shares of KE Holdings, TAL Education Group, and New Oriental Education Are Falling

Why Shares of KE Holdings, TAL Education Group, and New Oriental Education Are Falling

Many Chinese stocks trading on U.S. stock exchanges took a hit Monday, as regulators in China imposed fines on two Chinese companies and as fears over COVID-19 resurfaced in several Chinese cities. Shares of the Chinese real estate platform KE Holdings (NYSE: BEKE) traded more than 10% down as of 11:47 a.m. ET today. Shares of New Oriental Education & Technology Group (NYSE: EDU) were down nearly 9%, and shares of TAL Education Group (NYSE: TAL) dropped roughly 10%.