Why New Oriental Education And TAL Education Shares Are Skyrocketing Again

New Oriental Education & Tech Grp EDU and TAL Education Group TAL are trading higher during Friday's session. Shares of several Chinese education stocks at large are trading higher, potentially on upward momentum, as China eases some zero-Covid restrictions.

What's Going On In China?

China began relaxing some of its COVID-19 restrictions on Wednesday, following large protests late last month in response to the country's rigorous "zero-COVID" policy.

China's National Health Commission said it will discontinue the frequent required testing for the bulk of the population and would no longer require negative tests in most public places, according to the Wall Street Journal.

Additionally, in the case of a positive test the government won't lock down entire apartment buildings and those who have COVID-19 infections won't need to isolate in state quarantine facilities...Read More

According to data from Benzinga Pro:

• EDU is trading higher by 7.21% to $35.00
• TAL is higher by 15.34% to $6.96