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

The MSCI Emerging Markets Index will likely fall another 10% from current levels by year-end, predicted 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.
 
“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