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Why Shares of JD.com, TAL Education Group, and UP Fintech Holding Are Rising Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of JD.com, TAL Education Group, and UP Fintech Holding Are Rising Today

Several Chinese stocks trading on U.S. exchanges moved higher today after the Chinese government issued its most significant plan yet to aid its struggling real estate sector. Meanwhile, shares of the online Chinese tutoring company TAL Education Group (NYSE: TAL) traded more than 9% higher, and shares of UP Fintech Holding (NASDAQ: TIGR) traded more than 12.5% higher. The Chinese government recently rolled out a 16-point plan in an effort to help its ailing housing sector, which has struggled due to excessive leverage followed by an intense crackdown by the Chinese government.

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