Whalesbook
Veteran investor Mark Mobius has identified China, India, Korea, and Taiwan as the most compelling stock markets for global investors.
Mobius stated that China's rally appears sustainable, driven by significant strides in technology. He noted the nation's ambition to surpass the U.S. in high-level chip manufacturing and artificial intelligence, with capital flowing toward these sectors.
"The money is going in that direction, not in the consumers' direction," Mobius observed.
He also reiterated his bullish stance on Indian stocks. This optimism is fueled by the Indian government's increased spending and investment initiatives, particularly within the technology sector.
Caution on Gold
Separately, Mobius expressed a bearish view on gold following its historic price surge. He warned that a potential rebound in the U.S. dollar could negatively impact precious metals, especially as market sentiment remains overwhelmingly positive on gold.
"I will not pick it up at this level, that's for sure," Mobius, managing director of Mobius Emerging Opportunities Fund, told Bloomberg TV.
IPO Approvals Mount
In parallel, the Indian market saw significant activity with the Securities and Exchange Board of India (SEBI) granting approval for initial public offerings (IPOs) to seven companies on Friday. Among them are real estate firm Runwal Developers, engineering solutions provider Lalbaba Engineering, and gold and silver platform Augmont Enterprises.
Regulatory clearance was also granted to specialty chemicals maker Supreet Chemicals, eco-friendly paper manufacturer Sillverton Industries, logistics services provider CJ Darcl Logistics, and fertility services firm Gaudium IVF and Women Health.
Amagi Media Labs IPO Sees Strong Demand
Meanwhile, Amagi Media Labs, a cloud-based SaaS company specializing in media streaming and monetization, concluded its IPO bidding on Friday with substantial investor interest. The offering was subscribed 30.22 times on its final day, signaling robust demand for the technology-backed venture.