In an interview with Bloomberg TV, Mark Mobius, the former Franklin Templeton star fund manager and the veteran emerging-markets investor, warned about the potential downside risks to the Chinese Yuan and stock markets.
Key Headlines:
Yuan could weaken past 7 per dollar.
Chinese stocks could see more weakness.
As the Yuan weakens, the Trump administration could accuse China of deliberately weakening the currency to combat trade tariffs.
Democrats winning the House will be bad for US markets.
Emerging market stocks near the bottom.
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