STOCKS NEWS ASIA-Shares to rise on U.S. data

(For the latest on global markets, click [MKTS/GLOB])
WELLINGTON, Nov 3 (Reuters) - Asian stocks are likely to make
a firmer start on Tuesday, as Wall Street closed higher on
positive economic data.

The main U.S. indices trimmed early gains but ended up as
much as 0.8 percent, as enthusiasm from a solid bout of
economic data was dampened by a Federal Reserve official's
warning about banks' loan losses. [ID:nN02437173]
[ID:nN02443852]

The data saw the U.S. dollar and yen JPY= fall and
commodity prices rise, helping British and European shares to
gain as much as 1.2 percent.

Australian stocks are seen rising, with share index futures
YAPcm1 at 4,568, a 27.6 point premium to the underlying
S&P/ASX 200 index's .AXJO close on Monday.

Australian markets are partially closed for the Melbourne
Cup horse race, while investors will be waiting for a central
bank interest rate decision due at 0330 GMT.

Japanese markets are closed on Tuesday for a national
holiday.

Oil prices CLc1 rose to over $78 a barrel, as the firm
data revived expectations of higher demand.

HEADLINES: > U.S. manufacturing, pending home sales surge
[nN02437173] > Wall St ends higher on factory, housing data

[nN02464128] > Ford posts surprise profit, sees profit in
2011
[nN02411585] > Stanley Works to buy Black & Decker for $3.46
bln [nBNG511551] > U.S. faces flat auto sales in 2010-Jerry
York [nN02461465] > Banks meet NY Fed for pay rules --
sources [nN02459236] > US urged to set 2020 target to
save climate deal [nL2415367] > Human Genome 2nd lupus trial
succeeds, shares soar[nN30423138] > U.S. top court considers
mutual fund fees [nN02452318] > CIT bankruptcy
reassigned after recusal [nN02434131] --

KEY INDEXES pct change

Bank of New York Asia ADR index .BKAS +1.03

Dow Jones Industrial Average .DJI +0.79

Nasdaq Composite Index .IXIC +0.20

MSCI Asia Pacific ex-Japan .MSCIAPJ -0.85

--

ASIAN ADR ACTION:

5 most actively traded: pct change

TSMC (TSM.N)(2330.TW) 0.42

Siliconware (SPIL.O)(2325.TW) 1.78

UMC (UMC.N)(2303.TW) 0.91

Infosys Tech (INFY.O)(INFY.BO) 0.83

AU Optronics (AUO.N)(2409.TW) -0.45

Top 5 performers: pct change

Orix (IX.N)(8591.T) 7.80

ASE (ASX.N)(2311.TW) 6.72

Dr. Reddy (RDY.N)(REDY.BO) 5.52

Woori Fin Gp (WF.N)(053000.KS) 4.67

Tom Online (TOMO.O)8282.HK 4.52

Bottom 5 performers: pct change

Satyam (SAY.N)(SATY.BO) -2.84

Makita Corp. (MKTAY.O)(6586.T) -2.70

Prana Biotech (PRAN.O)(PBT.AX) -2.66

Konami Corp. (KNM.N)(9766.T) -2.48

Kyocera (KYO.N)(6971.T) -1.94

--

TOP ASIA EVENTS:

For more Asian company earnings, see [ASIA/EQTY]

JAPAN - National Holiday, Culture Day

HONG KONG - China Unicom (Hong Kong) Ltd (0762.HK) meeting

- Tsingtao Brewery Co Ltd (0168.HK) meeting

AUSTRALIA - Reserve Bank of Australia, policy board meeting

- Partial public holiday, Melbourne Cup Day

STH KOREA - Shinhan Financial Group (055550.KS) Q3 results

- Korea Electric Power Corp (015760.KS) Q3
results

- Jan-Sept combined earnings at South Korean
banks
(Reporting by Adrian Bathgate)