Stock Track | New Oriental Education Plummets 5.45% Intraday Amid Broader Chinese ADR Decline, High Treasury Yields

Stock Track

05/21

New Oriental Education & Technology (EDU) shares plummeted 5.45% during intraday trading on Thursday, leading losses among major Chinese tech stocks.

The decline occurred as the Nasdaq Golden Dragon China Index fell nearly 3%, with market sentiment weighed down by U.S. Treasury yields remaining at elevated levels above 5%. This intensified expectations for tighter global liquidity, putting pressure on growth stocks. Additionally, technical resistance in the broader Chinese equity market contributed to the selling pressure.

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