*

Singapore stocks at six-year high

*

Singapore's prelim Q2 GDP data beats expectations

*

Malaysian ringgit firms to six-month high

(Updates with moves at 0925 GMT)

By Shivangi Lahiri

July 12 (Reuters) - The Indonesian rupiah rose for an

eighth straight day on Friday, a rally that last occurred in

September 2016, on easing concerns over its debt and fiscal

policies, while Singapore equities hit a more-than-six-year high

on accelerating economic growth.

The rupiah gained 0.3% against the U.S. dollar, while

Indonesian stocks were up 0.4%.

Indonesia's president-elect Prabowo Subianto has moved to

dial down investor's concerns by planning to maintain the status

quo on the country's debt-to-GDP ratio, his adviser told Reuters

on Thursday.

That plan "is helping the rupiah sentiment into more of a

positive side," said Fakhrul Fulvian, an economist at Trimegah

Securities.

The Malaysian ringgit rose as much as 0.5% to a

six-month high on the day and was set for its seventh

consecutive session of gains, its longest rally since January

this year.

The move in the ringgit, the best-performing Southeast Asia

currency this year, comes a day after the country's central bank

indicated it was in no hurry to ease rates this year.

"Bank Negara Malaysia maintained its assessment of continued

global growth amid a resilient job market, global tech upcycle

and trade recovery that cushion the impact of tight monetary

policy," analysts at Maybank said.

Malaysian shares, however, dropped 0.3%.

Stocks in Indonesia, Philippines and

Singapore, though, added 0.4%, 0.6% and 0.7%

respectively.

They rose alongside global equities after an unexpected drop

in U.S. consumer prices boosted the odds of the Federal Reserve

cutting rates in September to over 90%, from 74% two days back,

according to CME FedWatch.

Singapore stocks also got a lift from data showing the

city-state's second-quarter economic growth accelerated due to a

rebound in manufacturing.

"A manufacturing rebound, led by the electronics sector, is

broadening the growth recovery," Maybank analysts said in a

note, raising their full-year growth estimate for the country.

Stocks in South Korea and Taiwan bucked the

trend, dropping 1.2% and 1.9% respectively.

HIGHLIGHTS:

** China June iron ore imports retreat on anticipation of

seasonal demand slowdown

** Malaysia's May industrial production up 2.4% y/y, below

forecast

** POLL-Indonesia's trade surplus seen rising slightly to $3

bln in June

Asia stock indexes and currencies

at 0925 GMT

COUNTRY FX RIC FX FX INDE STOCKS STOCKS

DAILY % YTD % X DAILY YTD %

%

Japan -0.23 -11.3 China EC>

India +0.04 -0.39 Indonesi +0.34 -4.59 Malaysia +0.39 -1.65 Philippi -0.34 -5.15 S.Korea 11>

Singapor -0.04 -1.78 Taiwan -0.17 -5.61 Thailand -0.26 -5.60