Mobius Buys Stocks, Says Economy Looks `Healthy'

The worst of the credit-market debacle may be over and stocks will likely rise as the global economy expands, said Mark Mobius, who oversees $30 billion at Templeton Asset Management Ltd. in Singapore.

The fund manager said his company has used the market rout in the past month to add to stocks that are attractively priced, including energy producers in Asia and Brazil. South African shares and those in Chinese companies traded in Hong Kong are among the most attractive in emerging markets worldwide, he said.

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