Mobius Says U.S. Sanctions Are the Biggest Risk for Chinese Stocks
- A gauge of Hong Kong-listed China stocks sinks most since 2008
- Rout in U.S.-listed Chinese shares can get worse, Mobius says
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Any decision by the U.S. to impose new sanctions on China or individual Chinese firms doing business with Russia is the biggest concern for stock investors, according to veteran investor Mark Mobius.
“We must remember how much money has already been lost by investors who had substantial amounts of stocks in Russia and then those who lost money on the Chinese stocks impacted by the Chinese government crackdown,” Mobius wrote in an emailed response to questions.