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WASHINGTON, Oct 30 (Reuters) - The value of U.S. portfolio holdings of foreign securities slumped sharply in 2008 as overseas stocks were hit by a weakened global economy, a report on Friday from the U.S. Treasury Department showed. At the end of 2008, total U.S. holdings of foreign securities that included both stocks and bonds were worth about $4.3 trillion, a sharp deterioration from the $7.2 trillion worth that Americans owned at the end of 2007. "The decrease in the value of U.S. portfolio holdings between the two surveys primarily reflects valuation changes in foreign equities during 2008," Treasury said. (Reporting by Glenn Somerville, Editing by Chizu Nomiyama) Keywords: USA TREASURY/HOLDINGS (glenn.somerville@thomsonreuters.com; +1-202-898-8377; Reuters Messaging: glenn.somerville.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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