It is an unusual sight to have two bellwether education stocks plunging by over 50 per cent in a single day.
When news broke late last month that Chinese regulators required K-12 (kindergarten to 12th grade) private tutoring firms to be converted into non-profit institutions, the share prices of the two largest Chinese private education services - New Oriental Education & Technology Group and TAL Education Group - corrected by around 70 per cent.
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