SE Asia Stocks-S'pore down, others helped by easing debt worries

* Philippines rallies from 4-month low

* Indonesia pulled down by mining shares

By Shihar Aneez

COLOMBO, Feb 10 (Reuters) - Some Southeast Asian stock
markets rose on Wednesday as worries about euro zone debt and
the global economic recovery subsided, but Singapore and
Indonesia retreated.

European governments have agreed in principle to help
heavily indebted Greece, a senior German coalition source said,
in what would be the first rescue of a euro zone member in the
currency's 11-year history. [ID:nSGE61801C]

"Broader sentiment was lifted as markets are hopeful that
there will be some kind of positive resolution to Greece's
problem," said Anupon Sriard, an analyst with BFIT Securities
in Bangkok.

But he added: "This could be just another knee-jerk
reaction with the rally not being sustained for long, unless we
see volume pick up substantially over the long term."

Thailand .SETI gained 0.4 percent, while Malaysia rose
.KLSE 1 percent. The Philippines .PSI and Vietnam .VNI
gained 2.1 percent and 1.7 percent respectively.

But Singapore's Straits Times Index .FTSTI fell 0.4
percent, led by banking shares, with top lender DBS Group
(DBSM.SI) falling 1.5 percent and United Overseas Bank
(UOBH.SI) 1.9 percent.

The MSCI index of Asia Pacific stocks traded outside Japan
.MIAPJ0000PUS was up 2.1 percent at 0954 GMT.

Malaysia .KLSE rose, led by Malayan Banking Bhd (Maybank)
(MBBM.KL) with a 1.8 percent gain after the country's top
lender posted a 35 percent rise in net profit a day earlier.

The Thai index .SETI was led higher by energy share PTT
Exploration and Production PTTE.BK, up 1.2 percent.

The Thai government is bracing for a new round of protests
in Bangkok by supporters of former premier Thaksin Shinawatra
ahead of a Feb. 26 Supreme Court verdict on whether to
confiscate $2.3 billion of his family's assets. [ID:nSGE61305C]

Indonesia .JKSE lost 0.2 percent, with the country's
largest coal producer by market value, PT Adaro Energy Tbk
(ADRO.JK), sliding 2.2 percent.

Banking shares drove the Philippines .PSI 2.1 percent up
from a four-month low, with Bank of the Philippine Islands
(BPI.PS) gaining 5 percent and Manila Metro Bank (MBT.PS)
rising 4.1 percent.

Vietnam .VNI gained 1.7 percent, led by 5 percent rise in
Vinamilk VNM.HM on high foreign demand and a 2.1 percent gain
in Vietcombank VCB.HM. [ID:nSGE619067]
(Additional reporting by Ploy Ten Kate in Bangkok; Editing by
Alan Raybould)