Why Chinese Education Stocks Bounced Higher Today

In a stampede of trading, investors rushed back to market and bought beaten-up China stocks on Wednesday. Chinese education stocks New Oriental Education & Technology Group (NYSE: EDU), TAL Education Group (NYSE: TAL), and Gaotu Techedu (NYSE: GOTU) are among the biggest beneficiaries.

As of 11 a.m. ET, New Oriental Education shares are up 7.6%, TAL is up twice as much to 15.2%, and Gaotu Techedu is doing best of all with a 20.1% gain.

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Source Fool.com