China Rate Move Gives Emerging Stocks Biggest Jolt in Two Years

Updated on
  • China ETFs pare rally after central bank's rate reduction
  • Mobius says Templeton `sitting on cash' as risks remain

Mobius Advises Investors Be Patient as Stocks Stabilize

Emerging-market stocks gained the most in two years, recovering from a seven-day selloff, and Russia’s ruble led gains in currencies as China’s steps to stimulate the economy bolstered appetite for riskier assets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.