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Mobius says 20% retreat for China stocks 'very possible'

He is cautious in short term but feels bull market is still intact

Hong Kong

MARK Mobius says that Chinese stocks have risen too fast after a world-beating rally sent the benchmark equity gauge to its highest level in seven years.

A 20 per cent retreat is "very possible", Mr Mobius, who oversees about US$40 billion as the executive chairman of

sentifi.com

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