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
Alice Gledhill and Tom Mackenzie
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.