EDU - Why Shares of JD.Com RLX Technology and New Oriental Education & Technology Group Are Rising Today
After a particularly difficult session for Chinese stocks trading on U.S. exchanges Monday, several of them rebounded Tuesday following Beijing's release of new economic data.
As of 12:21 p.m. ET, shares of e-commerce giant JD.Com (NASDAQ: JD) were trading roughly 2.4% higher, shares of vaping leader RLX Technology (NYSE: RLX) were up by nearly 13%, and shares of private education company New Oriental Education & Technology Group (NYSE: EDU) were up by nearly 9.7%.
Monday was one of the roughest days of trading for Chinese stocks since the Great Recession. Hong Kong's Hang Seng Index fell by about 6.4%.
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Why Shares of JD.Com, RLX Technology, and New Oriental Education & Technology Group Are Rising Today