SET Index up on China's help to the euro zone

THURSDAY, FEBRUARY 16, 2012
SET Index up on China's help to the euro zone

The SET Index yesterday surged 1.81 per cent following other regional markets after China expressed willingness to help resolve the euro-zone debt crisis; however, tourism-related stocks dropped in the aftermath of Tuesday's bombings in Bangkok.

China pledged to invest in Europe’s bail-out funds and sustain its holdings of euro assets, spurring gains in Asian stocks on optimism that the region’s debt crisis will be overcome, according to Bloomberg.

The Bank of Japan said it would increase its asset-purchase programme by