Mark Mobius Says He is 'Betting Big' on Chip Stocks
Mark Mobius, who is regarded as "Father of Emerging Markets", said he is currently "betting big" on chip stocks, as China and the US invest enormous amounts of capital into R&D and manufacturing of chips.
He elaborated on his position that Asia is well positioned for an improved outlook in the chip industry, as Taiwan's Taiwan Semiconductor Manufacturing Company $Taiwan Semiconductor(TSM.US$ and South Korea's $Samsung Electronics Co., Ltd.(SSNLF.US$ Samsung Electronics are among the global chip leaders, while the outlook for China and Indonesia remains positive.
Mark Mobius said that his view of the Chinese market was more positive than before because the reopening boosted investor confidence. However, just a week ago, Mobius warned investors to be "very, very cautious" when investing in China because of the problem of outward remittance of funds in personal accounts. click here
The reporter learned exclusively from the business personnel of many foreign banks, including HSBC, that there are requirements for risk control procedures related to the exit of funds. On March 7, Mobius replied to the media that "it seems that the problem has been solved", but did not disclose the details.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
