Chinese Education Stocks Rise, GOTU, EDU, TAL Lead Gains

On Friday, Chinese education stocks surged. As of the time of writing, Gaotu Techedu (GOTU, Financial) increased by more than 2%, New Oriental Education & Technology (EDU) rose over 4%, and TAL Education Group (TAL) jumped 7%. Overall, Chinese stocks performed strongly, with the NASDAQ Golden Dragon China Index up by more than 3.9%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.