Shares of TAL Education Group (NYSE: TAL) surged 7.83% in pre-market trading on Tuesday, October 2nd, as investors cheered recent stimulus measures announced by the Chinese government and looked ahead to the company's upcoming second-quarter earnings report.
The pre-market rally in TAL's stock was part of a broader surge in U.S.-listed Chinese companies, fueled by investor optimism over Beijing's recent efforts to boost the country's economy. E-commerce firms like Alibaba, JD.com, and PDD Holdings saw significant gains, along with electric vehicle makers Li Auto, Nio, and Xpeng. Online education providers Gaotu Techedu and TAL Education Group, as well as social media platform Weibo, also rallied strongly.
In addition to the positive sentiment surrounding China's stimulus measures, TAL Education Group's share price may have been boosted by anticipation ahead of the company's fiscal second-quarter 2025 earnings release scheduled for October 24th. Earnings announcements often lead to increased volatility in a stock as investors react to the reported financial results and guidance.
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