Asian economies, which are forecast to emerge faster from the global recession than other regions, need to study their stimulus exit strategies “carefully,” Singapore Trade Minister Lim Hng Kiang said.

The 21-members of the Asia-Pacific Economic Cooperation (Apec), whose leaders are gathering in Singapore this week, are at various stages of recovery and will have differing timeframes to remove stimulus measures, Lim said in an interview. A premature withdrawal of such policies will choke off growth, said Rajat Nag, managing director of the Asian Development Bank.

Asian stocks rose for a third day and the region’s currencies gained as economic reports signaled stimulus measures endorsed by the Group of 20 leaders are reviving global growth.

The MSCI Asia-Pacific Index gained 1 percent to 118.78 as of 11:42 a.m. in Tokyo, set for the highest closing level since October 26. China’s Shanghai Composite Index advanced for an eighth consecutive day. Gold prices traded near a record high, while oil retreated as concern abated Tropical Storm Ida will cause damage to Gulf of Mexico production facilities.

Former Federal Reserve Chairman Alan Greenspan said a rebound in stocks is “reliquifying” the US economy and housing prices are showing early indications of ending their decline.

“We have been very fortunate that the stock markets moved back” and are “reliquifying the whole process,” Greenspan said at an event in Edmonton, Alberta, presented by Abu Dhabi National Energy Co., the state-controlled energy producer known as Taqa.