Online education stocks of Hong Kong stocks plummeted collectively. New Oriental once fell by 50%, and its market value evaporated by over HK$ 40 billion.

On July 23, online education stocks of Hong Kong stocks plunged collectively.

As of press time, New Oriental fell by 42.48% to HK$ 29.25, and then the decline expanded to 50%, which was half of the opening price. The total market value of that day evaporated by more than HK$ 40 billion.

New Oriental Online plummeted. As of press time, the stock has fallen more than 26% to HK$ 6.07.

Thinking music education also fell by more than 26% to 2.6 1 HK$.

In addition, Zhuoyue Education Group fell more than 17%, Tian Li Education fell more than 13%, and Gaoxin Education Group, China Education Holdings and Ruijian Education all fell.

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