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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20774)	8/4/2007 9:55:37 PM
From: Julius Wong	Read Replies (1) \| Respond to of 217580

Taiwan Shin Kong says exposed to U.S. subprime mkt TAIPEI, Aug 3 (Reuters) - Shin Kong Financial (2888.TW: Quote, Profile, Research), which runs Taiwan's No.2 life insurer, said on Friday about one third of its T$10.53 billion (US$320 million) asset-backed securities (ABS) holdings related to U.S. subprime products. Some 37 percent of its ABS collateralised debt obligations (CDO) position was invested in the U.S. subprime market as of end of July, according to a company statement. reuters.com