EMERGING MARKETS-Singapore shares hit 17-year high on market revival efforts

Singapore Stock Market Performance: Singapore stocks reached a 17-year high, driven by financial sector gains, with the Straits Times Index rising 16% this year as efforts to revitalize the market intensify.

Regional Currency and Economic Trends: The Malaysian ringgit and Taiwan dollar saw slight increases against the U.S. dollar, while Thailand reported better-than-expected GDP growth, although concerns about government spending and private consumption persist.