Wed, Jul 16, 2008 - Page 12 News List

Cathay tops links to ailing US firms

EXPOSUREAmong the 33 financial firms required to report any investment link to Fannie Mae and Freddie Mac, nine reported no exposure and two recognized losses

By Joyce Huang and Crystal Hsu  /  STAFF REPORTER

“Such disclosure will inevitably raise hackles in the financial market,” Chou said, urging the public to have confidence in the local stock market. Local share prices dived 4.51 percent to close at 6,834 points yesterday, the lowest since President Ma Ying-jeou (馬英九) took office on May 20.

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