SHANGHAI, July 26 — Chinese shares slumped today as the education and property sectors were routed on worries over heavy-handed government regulations, after Beijing barred for-profit tutoring in core school subjects and restricted foreign investment in the sector.
Sub-indexes tracking education and related sectors declined sharply. The CSI Education Index was last down 9 per cent and the Hang Seng Tech index slumped 4.22 per cent. At the same time, investor worries over government efforts to rein in an overheated property sector also hurt related firms, sending the CSI 300 Real Estate index down over 4 per cent. The Hang Seng Properties index fell 1.7 per cent.
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