STOCKS NEWS ASIA-Shares to jump on U.S. GDP strength

(For the latest on global markets, click [MKTS/GLOB])
WELLINGTON, Oct 30 (Reuters) - Asian stocks are likely to
rally on Friday after strong U.S. growth data reignited
investor optimism in the economic outlook.

The main U.S. share indices rose by as much as 2.3 percent,
with gains across financials, manufacturing, energy and
technology, as data put growth in the world's biggest economy
at an annual rate of 3.5 percent in the third quarter.

The reading beat analysts' expectations and marked the
first quarter of expansion after a year of declines, raising
hopes the U.S. was emerging from recession.

The positive mood fed through to British and European
shares, which rose at least 1.1 percent, with banks and miners
posting solid gains.

Japanese shares are expected to rally sharply, with Nikkei
futures traded in Chicago 2NKc1 170 points above the last
closing level in Osaka JNIc1.

The Japanese earnings season rolls on, with Sony Corp
(6758.T), Mitsubishi Heavy Industries (7011.T) and Panasonic
Corp all reporting. For more see [JP/DIARY]

Exporters will be helped by a weaker yen JPY=, which fell
alongside the U.S. dollar as investors switched funds into
equities.

Australian stocks are also seen rising, with share index
futures YAPcm1 at 4,642, a 67.3 point premium to the
underlying S&P/ASX 200 index's .AXJO close on Thursday.
Macquarie (MQG.AX) reported a 21 percent fall in first half
profit, largely in line with forecasts (see [ID:nSYD521168]).

Oil prices CLc1 jumped more than 2 percent as the strong
GDP reading revived expectations of higher demand.

HEADLINES: > Wall St scores best day since July on GDP data
[nN29379890] > U.S. economy grows in 3rd qtr, ending deep
slump
[nN29354547] > Obama 'too big to fail' plan blasted in
Congress [nN29357151] > U.S. insurer MetLife posts 3rd-quarter
loss [nN29379100] > Oil jumps more than $2 after U.S. GDP
growth [nSYD364109] > US, China talk nice on trade, pork
ban lifted [nN29341577] > P&G, Colgate top expectations;
P&G shares rise [nN29351606] > Motorola Q4 outlook raises
hope of turnaround [nN29235578] > Fund managers rebuild
equity in volatile Oct-poll [nLAG005871] > Australia's
Macquarie H1 profit down 21pct [nSYD521168] > ADRs rise
as emerging markets, commodities rebound[nN29197394] > BHP may
seek more JVs, warns on sluggish recovery [nLS462458]

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KEY INDEXES pct change

Bank of New York Asia ADR index .BKAS +3.47

Dow Jones Industrial Average .DJI +2.05

Nasdaq Composite Index .IXIC +1.84

MSCI Asia Pacific ex-Japan .MSCIAPJ -1.64

Nikkei futures in Chicago 2NKc1 10,050

Nikkei futures in Osaka JNIc1 9,880

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ASIAN ADR ACTION:

5 most actively traded: pct change

TSMC (TSM.N)(2330.TW) 3.01

Siliconware (SPIL.O)(2325.TW) 2.74

AU Optronics (AUO.N)(2409.TW) 2.13

BHP Billiton (BHP.N)(BHP.AX) 3.67

Infosys Tech (INFY.O)(INFY.BO) 1.88

Top 5 performers: pct change

Satyam (SAY.N)(SATY.BO) 13.97

Mitsubishi UFJ (MTU.N)(8306.T) 9.40

Genetic Tech (GENE.O)(GTG.AX) 8.82

Alumina (AWC.N)(AWC.AX) 7.07

Sony Corp. (SNE.N)(6758.T) 6.67

Bottom 5 performers: pct change

Makita Corp. (MKTAY.O)(6586.T) -0.83

China Southern (ZNH.N)(1055.HK) -0.72

Mahanagar Tel (MTE.N)(MTNL.BO) -0.64

Konami Corp. (KNM.N)(9766.T) -0.47

SMIC (SMI.N)(0981.HK) 0.00

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TOP ASIA EVENTS:

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

JAPAN - Sony Corp (6758.T) Q2 results

- Mitsubishi Heavy (7011.T) H1 results

- Asahi Breweries (2502.T) Q3 results

- Panasonic Corp (6752.T) Q2 results

HONG KONG - China Merchants Bank Co Ltd (3968.HK) Q3
results

- China Unicom (Hong Kong) Ltd (0762.HK) Q3
results

- Yanzhou Coal Mining Co Ltd (1171.HK) meeting

AUSTRALIA - Macquarie Group (MQG.AX) H1 results

- Healthscope Ltd (HSP.AX) annual meeting

- Insurance Australia Group (IAG.AX) investor

briefing

TAIWAN - Acer (2353.TW) Q3 investor conference

- ASE (2311.TW) Q3 investor conference

- Mediatek (2454.TW) Q3 investor conference

STH KOREA - Samsung Electronics (005930.KS) Q3 results
(Reporting by Adrian Bathgate)