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Mobius Sees China as a Haven After Russia’s Attack on Ukraine

  • China will continue to produce and grow, veteran investor said
  • Still, mixed picture across emerging markets warrants caution

Add China to gold on the list of havens for investors after Russia’s assault on Ukraine, said emerging-market veteran Mark Mobius.

Emerging-market stocks plunged the most since the early days of the pandemic after President Vladimir Putin’s military moves on Thursday, while the average risk premium on developing-nation government debt surged to the highest since October 2020.