Financial Times FT.com

Investors welcome toxic asset plan

By Krishna Guha and Edward Luce in Washington and Francesco Guerrera, Julie MacIntosh and Michael Mackenzie in New York

Published: March 23 2009 13:11 | Last updated: March 24 2009 08:58

US stocks soared on Monday after Treasury Secretary Tim Geithner detailed his proposals for public-private partnerships to deal with toxic assets in the financial system and prominent investors vowed to take part in the programme.

Asian markets continued the rally in Tuesday trade.

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