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%.