IDP Education Shares Plunge After Student Policy Warning

Student placement group IDP Education Ltd. had its worst trading day on record in Sydney on Tuesday after it warned that the international student market continues to be hit by global policy uncertainty.

IDP closed down 48%, at its lowest in more than eight years, after it said there was heightened unpredictability in the UK, with further restrictions on student immigration expected, while the international student environment in the US was increasingly negative. Restrictive policies remained in place in Australia and Canada.