U.S. markets have climbed higher partly because of President Donald Trump's policies, says prominent investor Mark Mobius.
has risen by around 45%. Such optimism in the stock markets could be disrupted if Trump loses in next year's presidential race, the investor said.
"I think the markets then will go haywire because they've been depending on Trump policies to keep on pushing the market up and also higher growth rate in the U.S.," Mobius told CNBC'sHe added that for now, "it doesn't look likely" that Trump will lose. However, sentiment in the media appeared to be "overwhelmingly" against the president — and that could continue to build until the election next year, he explained.The run-up in U.S.
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