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GSX - Why Chinese Education Stocks Collapsed Today
GSX Techedu Inc. American Depositary Shares three of which representing two Class A
In a curious development, shares of three of China's best-known publicly traded education stocks -- TAL Education Group (NYSE: TAL) , New Oriental Education (NYSE: EDU) , and GSX Techedu (NYSE: GSX) -- are in freefall today. As of noon EDT on Friday, TAL stock is down 17.7%, New Oriental has fallen 20.4%, and GSX is down worst of all -- 21.4%.