China, Hong Kong shares tumble on regulatory clampdowns

By Andrew Galbraith

SHANGHAI (Reuters) – China and Hong Kong shares fell sharply to their lowest this year on Monday, as investor worries over government regulations battered stocks in the education, property and tech sectors.

The searing sell-off sent Hong Kong-listed Scholar Education Group shares crashing more than 45%. Hong Kong stocks of New Oriental Education & Technology Group Inc plummeted more than 47% after the company’s U.S. shares lost over half of their value on Friday. The…


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