While it may not be enough for some shareholders, we think it is good to see the TAL Education Group ( NYSE:TAL ) share...
Major Chinese stocks trading on U.S. exchanges continued struggling today amid important sectorwide news and the beginning of earnings season. Shares of Chinese e-commerce specialists Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) were down roughly 8.5% and 5.5%, respectively, as of 9:52 a.m. ET. Meanwhile, shares of the online tutoring company TAL Education Group (NYSE: TAL) had fallen almost 9%.
Many Chinese stocks trading on U.S. stock exchanges took a hit Monday, as regulators in China imposed fines on two Chinese companies and as fears over COVID-19 resurfaced in several Chinese cities. Shares of the Chinese real estate platform KE Holdings (NYSE: BEKE) traded more than 10% down as of 11:47 a.m. ET today. Shares of New Oriental Education & Technology Group (NYSE: EDU) were down nearly 9%, and shares of TAL Education Group (NYSE: TAL) dropped roughly 10%.