Emerging markets guru Mobius plays down China risk

His comments came as China tripled the share-trading tax in a bid to cool the yuan-denominated domestic share market in Shanghai and Shenzhen. This caused a massive drop in Chinese stocks which had repercussions on stock markets around the world. However, Mobius believes the fallout from Chinese share volatility can be contained. “The abrupt fall in the domestic share market in late February this year did have a ripple effect throughout emerging markets, but it proved short lived. Now that markets are attuned to what is happening in China, we don’t think there will necessarily be a repe...