By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, July 26th. Please refresh for updates.
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TAL Education (NYSE:TAL) stock fell 23%, GSX Techedu (NYSE:GOTU) stock fell 23% and New Oriental Education (NYSE:EDU) stock fell 24% after the Chinese authorities released a new directive over the weekend forcing the country's online learning providers to operate on a not-for-profit basis.
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Alibaba (NYSE:BABA) ADR fell 3.3%, Baidu (NASDAQ:BIDU) ADR fell 3.8% and Didi Global (NYSE:DIDI) ADR fell 11% as the Chinese stocks listed in the U.S. suffered from the extended regulatory clampdown by Beijing.
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Tencent Music (NYSE:TME) stock fell 10% after China's market regulator said over the weekend it would bar the company from exclusive music copyright agreements.
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Amazon (NASDAQ:AMZN) stock rose 0.5% amid speculation that the online retail giant is exploring venturing into digital currencies after it advertised last week a vacancy for a digital currency product lead.
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Lockheed Martin (NYSE:LMT) stock fell 0.4% after the weapons maker missed expectations with its second-quarter earnings, hurt by a classified aeronautics development program.
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Hasbro (NASDAQ:HAS) stock rose 4.7% after the toymaker beat quarterly expectations, with its film and television production business returning to growth after the pandemic hit.
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Koninklijke Philips (NYSE:PHG) ADR fell 4.8% after the Dutch health technology company booked an additional 250 million euros provision to do with the recall of breathing devices and ventilators, overshadowing otherwise strong second-quarter earnings.
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Check Point Software (NASDAQ:CHKP) stock rose 0.5% after the cybersecurity firm beat quarterly expectations, with its software sales boosted by the recent spate of ransomware attacks.
- Aon (NYSE:AON) stock rose 6.1% and Willis Towers Watson (NASDAQ:WLTW) stock fell 3.5% after the insurers confirmed that they had agreed to terminate their $30 billion merger agreement. The Department of Justice had sued to block the deal saying it would reduce competition. Aon will pay $1 billion as termination fee to Willis.