why are chinese tech stocks down today
Not every Chinese stock market is falling as hard though. Investor confidence is low and for good reason.
Chinese Tech Stocks Gaotu Serves As A Cautionary Tale In Beijing S Private Education Crackdown South China Morning Post
This comes at a particularly bad time for EV producers.
. The countrys government confirmed that it would be implementing stricter regulations for private tutoring companies. Prominent cities like Wuhan and Xining are locking down entire districts posing constraints for plenty of industries. Today marks a bad day for Chinese EV stocks after an already difficult month.
Right now XPeng NYSE. Chinese stocks were tumbling this morning after Chinas President Xi Jinping broke precedent over the weekend and secured a third term as the. Chinese stocks got slammed in todays trading session.
While Hong Kongs Hang Seng Index fell 6 to a 13-year low the Shenzhen and Shanghai markets fell. A new term for Xi Jinping spelled bad news for investors. All Fall Down.
XPEV is down. Shares of Chinese tech stocks were falling for the third session in a row Tuesday in the ongoing fallout from the Chinese governments crackdown on the for-profit education. As of April Chinas retail sales have contracted 111 compared to the same period in the prior year and almost doubled projections of a 66 decline.
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