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Fubon's life insurance unit currency hedging costs and forex losses increased in first half
August 25, 2017 / 6:19 AM / 3 months ago

Fubon's life insurance unit currency hedging costs and forex losses increased in first half

TAIPEI, Aug 25 (Reuters) - Fubon Financial Holding , parent of Taiwan’s No.2 life insurer, said on Friday the unit’s currency hedging costs and forex losses increased in the first half of 2017 due to the stronger local currency against the U.S. dollar.

Fubon and local rivals took a hit as their overseas investments were hurt by the stronger Taiwan dollar. (Reporting by Faith Hung; Editing by Stephen Coates)

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