Stocks Tips : Mobius sees China benefiting as Brexit may herald 'dark ages'

Singapore/LONDON / China (June 30): China's bid for greater influence in global financial markets will benefit from the UK's decision to leave the European Union, according to Mark Mobius, who sees Asia as the "place to be" in the developing world.

While Britain's vote to exit the EU was a "shock for a lot of people in the know" and sparked a sell-off in global markets, Asia will be seen as relatively more desirable because it's largely isolated from Europe's turmoil, Mobius, the executive chairman of Templeton Emerging Markets Group, said in an interview in London on Wednesday.

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