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Father of emerging markets’ Mark Mobius turns bullish on China stock as property measures restore confidence

Legendary emerging markets fund manager Mark Mobius has reversed his view on Chinese stocks as he believes the country’s recent property support measures will restore investors’ confidence. A recent trip to the southern part of the country also helped change his mind.

The 87-year-old fund manager, who as recently as last month said China equities “were not attractive” in a Bloomberg interview, indicated on Thursday that his view had changed.

Source: TRADE FINANCE

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