TAL Education Group ADR (TAL)

TAL down 10.58%, as well as most Chinese stocks fell today after Wall Streets analysts lowered their estimates for China's economic growth prospect this year. The research note from a team led by Goldman Sachs analyst Hui Shan, who cut her growth estimates for China's economy from 6.0% to 5.4%. Shan also said that stimulus from the Chinese government might not come as quickly as some had hoped, specifically noting that investors are disappointed that a cabinet meeting held by the Chinese government Friday yielded no "concrete stimulus" measures. Shan added that the Chinese government might not have a ton of options left, either, because stimulus measures to boost high-end manufacturing and electric vehicles might not prove to be material enough.

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