- Singapore shares jumped to a 17-year high on Tuesday, powered by a rally in index heavyweight financials, as the city-state ramps up efforts to revive its stock market.
In August, the Monetary Authority of Singapore said it had formed a review group to recommend steps to strengthen the development of the equities market in the island country, which hosts more than $4 trillion of assets under management. The latest economic data is expected to maintain pressure on the central bank to lower interest rates further, helping Thai stocks rise to their highest since Nov. 8.
Among currencies in the region, the Taiwan dollar and the Malaysian ringgit gained 0.2% and 0.3%, respectively, against an easing U.S. dollar.
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