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Mark Mobius: Brexit benefits China

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Global investor Mark Mobius discussed Brexit's impact on emerging markets, China and Brazil on CNBC on Wednesday.

"The biggest beneficiaries [of Brexit] will be first of all China because more and more trade will go in that direction," Mobius said. "Any of the consumer plays in Brazil look very very cheap."

Mobius is the executive chairman of the Templeton Emerging Markets Group.

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