China's education stock has fluctuated sharply. Ahead of the market, the State Council issued new preschool education regulations. The opening of China Securities's Red, Yellow, and Blue market plummeted 32%. The decline soon widened to 52.97%, triggering the suspension of trading for a while. Trading resumed a few minutes later, and the decline narrowed to less than 50%, triggering a meltdown for the second time, and the stock price fell short of the previous day's closing.
More details:A paper from the State Council fell more than 10% before the red, yellow, and blue cards
Market source: Futu Securities
Other Chinese education stocks have had mixed ups and downs. Busselle Education also plummeted by more than 28%, while Reith's subject fell 4%; while Park Shin Education rose 6%.
