Financial holding firms’ exposure to US increases 4%By Kao Shih-ching / Staff reporterThe combined exposure of the nation’s financial holding companies to the US last quarter increased 4 percent on a quarterly basis to NT$6.84 trillion (US$246.6 billion), the highest of all overseas markets, due to rising investment in US stocks and bonds, data released on Tuesday last week by the Financial Supervisory Commission showed. In the April-to-June period, the firms’ investment in the US totaled NT$6.08 trillion, up 3 percent from the first quarter, the data showed. Overall, the firms’ combined exposure to the US has risen 89 percent since the second quarter of 2016, when it totaled NT$3.62 trillion, the data showed. CHINA EXPOSUREBy contrast, last quarter, the firms’ exposure to China — the second-largest overseas market — fell for a second consecutive quarter to NT$2.54 trillion, from NT$2.57 trillion in the first quarter. TOP 10The firms’ exposure to the UK (the third-largest overseas market) totaled NT$1.05 trillion, followed by France (No.

Source: Taipei Times September 19, 2021 15:56 UTC