Live Markets »News & Advice»Market News»Market News Details
Market News Details

US-China trade war a warm-up act for financial crisis: Mark Mobius

Bloomberg/ 11 Jul 18 | 11:33 PM

Mark Mobius

For Mark Mobius, there may be worse to come even after the US fired new shots in its trade war with China: a further 10 per cent drop in emerging-market stocks and a global financial crisis.

Related Stories

    No Related Stories Found
Widgets Magazine

“There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money," the veteran investor in developing nations said in an interview in Singapore. “There’s going to be a real squeeze for many of these companies that depended upon cheap money to keep on going."

The MSCI Emerging Markets Index will likely fall another 10 per cent from current levels by year-end, predicted Mobius. That would tip the gauge, which has fallen around 16 per cent from a peak in late January, into a bear market.

Widgets Magazine


Company Price Gain (%)
St Bk of India259.252.98
Sun Pharma.Inds.548.802.97
Axis Bank538.052.86
ICICI Bank266.302.70
Tata Steel532.502.54


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine