a selloff in chinese private education companies sent shockwaves through the equity market monday as investors scrambled to price in the growing risks from an intensifying crackdown by beijing on some of the nation’s industries stocks slumped on the mainland and in hong kong with the benchmark csi 300 index dropping 32 and the hang seng index tumbling 41 the most since may last year steep losses in education stocks in the wake of a sweeping overhaul spilled over into other areas with technology healthcare and propertyrelated stocks falling