STOCKS NEWS ASIA-Shares to fall on weak U.S. data

(For the latest on global markets, click [MKTS/GLOB])
WELLINGTON, Oct 29 (Reuters) - Asian stocks are likely to open
lower on Thursday after poor U.S. housing data renewed fears
over the pace of the global economic recovery.

The main U.S. share indices fell as much as 2.7 percent
after sales of new homes fell unexpectedly in September, with
the negative mood exacerbated by Goldman Sachs cutting its
forecast for U.S. third quarter growth. [ID:nN28296063]

The U.S. dollar and the yen JPY= both gained as investors
sought safer assets, with commodity prices .CRB falling more
than 2 percent.

British and European shares also fell sharply, as miners
and energy firms were hit by the lower commodity prices.

Japanese shares are expected to open down, with Nikkei
futures traded in Chicago 2NKc1 185 points below the last
closing level in Osaka JNIc1.

Thursday is set to be another busy day of Japanese
earnings, with Softbank Corp (9984.T), Mitsubishi Motors Corp
7211T and Nippon Steel Corp (5401.T) among those due to
report. For more see [JP/DIARY]

Australian stocks are also seen falling, with share index
futures YAPcm1 at 4,612, a 73.1 point discount to the
underlying S&P/ASX 200 index's .AXJO close on Wednesday.

Oil prices CLc1 fell more than 2 percent as the weak
housing data was compounded by figures showing a surprise rise
in U.S. gasoline inventories.

HEADLINES: > New US home sales drop, durable goods orders
rise [nN28304343] > Wall St tumbles on recovery woes;S&P sheds
Oct gain[nN28322382] > Deutsche Bank buys wealth manager Sal.
Oppenheim [nLS148134] > China to launch case against Big 3
U.S. automakers [nWBT013275] > Lazard rides restructuring unit
to Q3 profit [nN28232132] > Motorola's Droid has Google
navigation features [nN28293728] > Oil price,refinery pain
shrink oil company profits [nN28299558] > Swine flu gives Glaxo
a shot in the arm [nLR454208] > EU clears Northern
Rock split, paves way for sale [nLS302436] > Coke, Pepsi
bottlers see sales fall [nN28292333] > Norway
makes Europe's first rate hike since crisis [nLS330178] > NZ
central bank keeps rate, resists hike pressure
[nSYD80874] --

KEY INDEXES pct change

Bank of New York Asia ADR index .BKAS -2.92

Dow Jones Industrial Average .DJI -1.21

Nasdaq Composite Index .IXIC -2.67

MSCI Asia Pacific ex-Japan .MSCIAPJ -2.41

Nikkei futures in Chicago 2NKc1 9,895

Nikkei futures in Osaka JNIc1 10,080

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ASIAN ADR ACTION:

5 most actively traded: pct change

TSMC (TSM.N)(2330.TW) -2.53

UMC (UMC.N)(2303.TW) -5.38

Siliconware (SPIL.O)(2325.TW) -7.23

AU Optronics (AUO.N)(2409.TW) -2.93

Infosys Tech (INFY.O)(INFY.BO) -1.70

Top 5 performers: pct change

Nidec Copal (NJ.N)(7756.T) 3.75

Nomura Hld (NMR.N)(8604.T) 2.02

Wacoal Corp. (WACLY.O)(3591.T) 1.71

NTT Docomo (DCM.N)(9437.T) 1.06

Chartered Semi (CHRT.O)(CSMF.SI) 0.70

Bottom 5 performers: pct change

Tom Online (TOMO.O)8282.HK -11.49

Advantest (ATE.N)(6857.T) -11.06

Satyam (SAY.N)(SATY.BO) -9.98

Genetic Tech (GENE.O)(GTG.AX) -8.72

Siliconware (SPIL.O)(2325.TW) -7.23

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TOP ASIA EVENTS:

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

JAPAN - Nippon Steel Corp (5401.T) H1 results

- Mitsubishi Motors Corp (7211.T) H1 results

- Sanyo Electric Co Ltd (6764.T) H1 results

- Softbank Corp (9984.T) H1 results

HONG KONG - Bank of China Ltd (3988.HK) Q3 results

- China COSCO Holdings Co Ltd (1919.HK) Q3
results

- Tsingtao Brewery Co Ltd (0168.HK) Q3 results

AUSTRALIA - Australia & New Zealand Banking Group (ANZ.AX)

full year results

- AGL Energy AGL.AX annual meeting

- Newcrest (NCM.AX) investor update

TAIWAN - Acer (2353.TW) Q3 investor conference

- ASE (2311.TW) Q3 investor conference

- Mediatek (2454.TW) Q3 investor conference

STH KOREA - SK Telecom (017670.KS) Q3 results

- KB Financial Group (105560.KS) Q3 results

- NHN Corp (035420.KS) Q3 results
(Reporting by Adrian Bathgate)