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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutlook for emerging markets looks good this year, says Mobius Capital Partners' Mark MobiusMark Mobius, Mobius Capital Partners, joins 'Squawk on the Street' to discuss his thoughts on finding value overseas, breaking down emerging markets.
One major emerging markets guru, Mark Mobius of Mobius Capital Partners LLP, remains bullish despite the earthquake disaster and economic problems. "When it comes to investing in Turkey, we still believe it's a viable place to invest," Mobius said. Mobius did note the glaring issue of Turkey's earthquake preparation, which may soon come to haunt Erdogan's election chances. NATO and Turkey's powerful role on the global stageInternationally, Turkey's future affects the war in Ukraine, given Erdogan's role as a mediator between Ukraine and Russia. Russian President Vladimir Putin is expected to meet Turkey's President Recep Tayyip Erdogan on Thursday.
Investor Mark Mobius was put off Adani's massive planned share sale because of concerns about the group's debt pile and exposure to political risk, he told CNBC Tuesday. So that's one of the big problems that I had," Mobius said. His firm, Mobius Capital Partners, focuses on emerging markets and India is one of its top allocations. Companies including Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Power and Adani Total Gas have plummeted in value since then, with the group shedding more than $113 billion from its market value. On Feb. 1, Adani called off a fully subscribed $2.5 billion sale of Adani Enterprises shares, citing the stock price movements.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian index hasn't suffered that much from Adani fallout, Mark Mobius saysMark Mobius of Mark Mobius Capital Partners discusses the crisis the Adani Group faces and what it means for international markets as well as India's.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe still think Turkey is a 'viable' place to invest, Mark Mobius saysMark Mobius of Mark Mobius Capital Partners says Turkish businesspeople have been able to adjust, "even with high inflation and with a very weak Turkish lira."
Billionaire investor Mark Mobius said his firm avoided the share sale by Adani Enterprises that was later pulled. The Adani Group was accused of stock manipulation by short seller Hindenburg. Mobius said the problems surrounding Adani Enterprises and the Adani Group are specific to those entities. Adani Enterprises canceled a $2.5 billion share sale even after the offering was fully subscribed Tuesday with help from institutional investors. The short seller in response has stood its ground on the accusations.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMobius: China's expected recovery this year gives a big boost to emerging marketsMark Mobius, founding partner of Mobius Capital, says investors will do well this year by diversifying into emerging markets, as a weaker U.S. dollar will boost assets from those economies.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoney supply is still very high, I expect more pain from interest rates, says Mark MobiusMark Mobius, founding partner of Mobius Capital Partners, joins CNBC's 'Squawk Box' to discuss markets following the Federal Reserve's latest interest rate decision.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors in Chinese internet stocks should move toward hardware names, says Mark MobiusMark Mobius of Mobius Capital Partners says Chinese internet companies are under "incredible scrutiny" and investors should look into the "technical side."
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023, even after a bruising year for the cryptocurrency marked by industry failures and sinking prices. $250k is still my number," Draper told CNBC via email. Last week, veteran investor Mark Mobius told CNBC that bitcoin could crash to $10,000 next year, a more than 40% plunge from current prices. Nevertheless, Draper is convinced that bitcoin, the world's largest cryptocurrency, is set to rise in the new year. "I expect a flight to quality and decentralized crypto like bitcoin, and for some of the weaker coins to become relics," he told CNBC.
Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday. While Mobius expects bitcoin to hover around its current $17,000 level, the move to $10,000 could happen in 2023, he said. "With higher interest rates, the attraction of holding or buying Bitcoin or other cryptocurrencies becomes less attractive since just holding the coin does not pay interest," Mobius said via email. "Of course there have been a number of offerings of 5% or higher interest rates for crypto deposits but many of those companies offering such rates have gone bust partly as a result of FTX. So as those losses mount people become scared of holding the crypto coin in order to earn interest."
Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.
Watch CNBC's full interview with Mobius Capital's Mark Mobius
  + stars: | 2022-10-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mobius Capital's Mark MobiusMark Mobius, Mobius Capital Partners founder, joins 'Closing Bell' to discuss if any of his concerns around China have changed at all, whether China can be an engine of growth and where he is looking for bargains now.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be a shift toward a more Mao-type China than Xi-type China, says Mark MobiusMark Mobius, Mobius Capital Partners founder, joins 'Closing Bell' to discuss if any of his concerns around China have changed at all, whether China can be an engine of growth and where he is looking for bargains now.
History shows that stocks can still make gains amid the Federal Reserve's rate hikes, Mark Mobius said. The billionaire investor noted that the key is finding companies that have enough pricing power to weather high inflation. "But there's no question that the Fed could go much much higher, and there could be a lot more pain ahead." Of course, the market is now reacting negatively to the possibility of higher rates. But if you look at the history, you'll find that stock markets were able to do quite well even with high interest rates," Mobius said.
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