A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock
A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock

Chinese tutoring platform New Oriental slides to record low after Xi call for tougher rules leads to sell-off in sector stocks

  • The stock sank by as much as 15 per cent to HK$70.80 in Tuesday intraday trading, extending a 7.3 per cent decline it recorded a day earlier
  • New rules limit after-school teaching and students’ homework time, which could prompt parents to cut their children’s tuition, Bloomberg Intelligence analyst says

Topic |   Hong Kong stock market
A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock
A New Oriental advertisement in Shanghai. The two-day rout has erased US$1.5 billion from its market capitalisation. Photo: Shutterstock
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