South East Asian stocks: Thailand, Malaysia jump

Posted by 7Star Wednesday, March 3, 2010

Thai stocks hit a six-week high on Tuesday in their first reaction to a long-awaited court ruling on the assets of former premier Thaksin Shinawatra after a long holiday weekend, but the region in general was mixed. Markets got an early boost from strong manufacturing data in Europe and news American International Group was selling its Asian insurance business to Britain's Prudential, which drove both European markets and Wall Street up on Monday.

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