The chaos striking emerging markets, with currencies and asset markets
plummeting, won't last, says Mark Mobius, executive chairman of
Templeton Emerging Markets Group.
The Turkish lira hit a record low Monday, the South African rand touched
a five-year nadir and the Argentine peso registered its biggest daily
drop in a decade last week.
"There is a generalization you can make," Mobius tells CNBC. "Those countries that are having balance of payment difficulties are the ones being targeted with the currencies."
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