Stock market impact on China's economy limited: Mobius

Tokyo

EVEN a more pronounced "stock market crash" in China would be unlikely to do serious damage to the world's second largest economy through the impact of such an event on household wealth, according to veteran fund manager and Asia expert Mark Mobius.

His comment to The Business Times came as investors nervously wait to see whether last Friday's bounce in most Asian markets, including China, will be carried through into this week, or whether the rout in stocks and currencies will resume.

"While news of China's market ups and downs makes for splashy headlines, I expect the impact of recent declines in share indexes to have limited impact on the broader economy," he…