RPT-GLOBAL MARKETS-Asia stocks, currencies rise on risk appetite

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* Asia stocks rise after U.S. equities hit 13-month high

* Asian central banks intervene to rein in currencies

* Japanese govt bonds rise as Fujii expresses debt concern

By Susan Fenton

HONG KONG, Nov 10 (Reuters) - Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.

Markets were buoyed by a 2 percent jump in the Dow Jones .DJI on Monday. Analysts said investors were encouraged by G20 finance ministers' pledge at the weekend to keep emergency measures in place until a recovery was assured, raising expectations for prolonged low interest rates.

"Investors had been worried about talk of early exit strategies. The concern has been removed, although uncertainties linger over the still slow economic recovery and fourth-quarter corporate earnings," said Chung Myoung-ji, an analyst at Samsung Securities in South Korea, where shares were up 1 percent.

Japan's Nikkei index .N225 was 1.6 percent higher.

Japanese government bond futures meanwhile rose after Finance Minister Hirohisa Fujii said he was worried about the rise in long-term rates and that it was important not to lose trust in the bond market. [ID:nTKF106726]

The yield curve for government bonds has steepened over the past month on renewed concerns about possible increases in debt issuance later this fiscal year and worries about the size of JGB issuance in fiscal 2010/2011, which starts next April. [JP/T]

TECH SHARES BOOSTED

The MSCI index of Asia Pacific stocks traded outside Japan .MIAPJ0000PUS was 0.7 percent higher while the Thomson Reuters index of regional shares .TRXFLDAXPU was flat.

Tech shares got a boost after Wells Fargo raised its 2010 growth projection for chipmakers and the PHLX semiconductor index .SOXX surged 3 percent. South Korea's Samsung Electronics (005930.KS), the world's largest memory chip maker, rose 1 percent. Shares of Japan's Toshiba Corp (6502.T) were up 2 percent in Tokyo after the company made a solo bid for French nuclear reactor builder Areva's (CEPFi.PA) transmission and distribution business. [ID:nL9177274]

The dollar .DXY was flat against a basket of major currencies, after hitting a 15-month low overnight, but lost ground early on to Asian currencies on rising risk appetite.

Central banks, including in South Korea, the Philippines and Thailand were spotted stepping in to rein in currency appreciation, traders said. [FRX/]