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GSX - Why Chinese Education Stocks Sold Off on Monday
GSX Techedu Inc. American Depositary Shares three of which representing two Class A
In what has become a recurrent theme over the past couple months, shares of three of China's best-known publicly traded education stocks -- TAL Education Group (NYSE: TAL) , GSX Techedu (NYSE: GSX) , and New Oriental Education (NYSE: EDU) -- collapsed this morning.
As of 10:20 a.m. EDT, TAL stock is down 11.4%, GSX fell 11.7%, and New Oriental is doing worst of all -- tumbling 12.9%.