U.S-Listed Chinese Stocks Resume Decline While Didi Jumps
- Didi shares jump 11% on report of privatization talks
- Education stocks lead decline after two days of gains
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U.S.-listed Chinese stocks resumed their decline on Thursday as investors looked past gains by Didi Global Inc., amid reports the ride-hailing company was considering going private.
The Nasdaq Golden Dragon China Index -- which tracks 98 of China’s biggest firms listed in the U.S. -- fell by 0.5%, reversing some of Wednesday’s surge. Education stocks, the latest target of Beijing’s policy crackdowns, led the decline after two consecutive days of outsized gains. New Oriental Education & Technology Group, Inc. and TAL Education Group dropped by more than 6%, while China Online Education Group shares dipped almost 10%.