2023-03-07 12:30:58 ET
Shares of several Chinese stocks dropped Tuesday on weak economic data and as tensions between the U.S. and China continued to ratchet up.
Shares of the video platform Bilibili (NASDAQ: BILI) were trading roughly 3.6% lower as of 11:30 a.m. ET, shares of the live-streaming company Huya (NYSE: HUYA) traded 3.7% lower, and shares of online tutoring company New Oriental Education & Technology Group (NYSE: EDU) were down by about 7.5%.
Beijing has relaxed its "zero COVID" policies and ended its strict lockdowns in an effort to get China's economic growth back on track, but amid conflicting data, there has been a lot of debate about whether or not it can bounce back as fast as investors hope.
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Why Shares of Bilibili, HUYA, and New Oriental Education and Technology Are Falling Today