Here's Why Chinese Tech Stocks Were Plummeting Today

·2 min read
Here's Why Chinese Tech Stocks Were Plummeting Today

Chinese stocks got slammed in today's trading session. The country's government confirmed that it would be implementing stricter regulations for private tutoring companies, and the news prompted steep sell-offs for a wide range of technology-adjacent stocks. Tencent, GDS Holdings, NetEase, and KE Holdings were among the big names to suffer double-digit slides in the session.

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