Fubon Financial Holding Co Ltd.
TPE:2881 ISIN:TW0002881000
Fubon Financial Holding Co., Ltd. is principally engaged in the banking, securities financing, credit cards, trust investment, insurance, securities, futures, venture capital sectors and other financial related business through its 10 major subsidiaries and associates. The Company's major products/services include personal insurance and corporate insurance; deposits, loans and credit card business; the brokerage, proprietary trading and underwriting of securities; life insurance business; securities investment trust and discretionary investment; the sale of financial products; investment on enterprises and the provision of related management and consulting services; assets management, and investment consulting, among others. In February 2009, the Company acquired Taiwanese life insurance business of ING Groep N.V.
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News
Asian markets are expected to rise today as Wall Street rallied overnight on improved data of manufacturing employment in the US and a takeover of American International Group's Asian arm by British insurer Prudential. Resources shares in Asia were up on Monday as the massive earthquake in Chile raised concerns on copper supplies. Asian markets closed mostly higher yesterday. Japan's Nikkei rose 0.5 per cent, lifted by a rise in non-ferrous metal shares. Hong Kong's Hang Seng Index gained 2.2 per cent and China's Shanghai Composite added 1.2 per cent on expectations Beijing may retain an appropriately loose monetary policy at the upcoming meeting of the National People's Congress.
On Wednesday Tokyo and Hong Kong markets bounced 4 per cent respectively in the morning following Wall Street's hefty overnight rally. Taiwan stocks rose 2.04 percent to a two-month high led by financial stocks after Citigroup said it turned profitable in the first two months in 2009.
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