87-year-old investor Mark Mobius, known as the "Father of Emerging Markets", becomes bullish on Chinese stocks due to government support for real estate and MSCI China Index growth.
87-year-old investor Mark Mobius, known as the "Father of Emerging Markets", has turned bullish on Chinese stocks, citing recent government support for the real estate sector and the MSCI China Index's 30% rise as signs of confidence. Mobius, co-founder of Mobius Capital Partners LLP, now predicts China's economic growth of 4-5%, driven by weakening yuan fueling exports. Despite his bullish stance, Mobius advises investors to wait until markets reach the bottom before investing.
May 30, 2024
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