Why 51job Inc. Stock Dropped 10.3% on Wednesday [The Motley Fool]
51job, Inc. - American Depositary Shares, each representing two common shares (JOBS)
Last 51job, inc. - american depositary shares, each representing two common shares earnings: 8/5 04:15 pm
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Source: The Motley Fool
The high-flying online recruiter was hit by a broader sell-off in Chinese stocks yesterday. Here's what investors need to know. Steve Symington ( TMFSymington ) Jun 28, 2018 at 12:42PM What happened Shares of 51job Inc. ( NASDAQ:JOBS ) fell 10.3% on Wednesday despite a lack of company-specific news. Rather, 51job's drop came as part of a broader sell-off in Chinese stocks amid concerns over a potential trade war caused by U.S. tariffs on Chinese exports. Image source: Getty Images. So what Any macroeconomic development that could stem China's job market could hurt 51job as the leading online recruiter in the country. But it also doesn't help that -- even after yesterday's decline -- 51job stock has more than doubled over the past year. Most recently, that rise included a single-day pop of nearly 20% following 51job's strong fourth-q
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