Asia Morning Call-Global Markets

Jan 28 (Reuters) -

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** indicates closing price All prices as of 2017 GMT EQUITIES GLOBAL - Global stocks rose for a fifth straight session to an intraday record on Tuesday, as the pace of U.S. earnings season picked up, while President Donald Trump's latest tariff threats helped support the recent rally in gold and silver.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 7.73 points, or 0.74%, to 1,051.90 and was on track for a fifth straight daily gain, its longest run of gains this year.

For a full report, click on MKTS/GLOB - - - - NEW YORK - The S&P 500 touched a record high and angled for its fifth advance in a row on Tuesday with a mixed reception for the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports.

At 2:29 p.m., the Dow Jones Industrial Average .DJI fell 430.54 points, or 0.87%, to 48,981.58, the S&P 500 .SPX gained 34.97 points, or 0.50%, to 6,985.20 and the Nasdaq Composite .IXIC gained 241.40 points, or 1.02%, to 23,843.00.

For a full report, click on .N - - - - LONDON - European equities ended higher on Tuesday, supported by a raft of positive corporate catalysts that eased investor concerns over recent trade tensions, while shares of Puma PUMG.DE jumped after the sportswear maker sold a stake to China's Anta Sports.The pan-European STOXX 600 benchmark .STOXX was up 0.6% at 613.11 points and touched its highest in over one week. For a full report, click on .EU - - - - TOKYO - Japan's Nikkei share average ended higher on Tuesday, as technology stocks extended their advance after the yen lost some gains.The Nikkei .N225 rose 0.85% to close at 53,333.54, while the broader Topix .TOPX ended 0.31% higher at 3,563.59.For a full report, click on .T - - - - SHANGHAI - China and Hong Kong stocks edged up on Tuesday, on the back of a recovery in corporate earnings, according to government data.The Shanghai Composite Index .SSEC climbed 0.2% at close, while the blue-chip CSI300 Index .CSI300 was little changed.For a full report, click on .SS - - - - AUSTRALIA - Australian shares were poised to open higher on Wednesday, likely supported by gains in gold and energy stocks helped by stronger commodity prices, while investors braced for a key inflation report that would determine the central bank's next monetary policy move.

The local share price index futures YAPcm1 advanced 0.5%, standing at a 1.4-point premium to the underlying S&P/ASX 200 index's .AXJO close, which finished at a three-month high on Tuesday, rising 0.9%.For a full report, click on .AX - - - - SEOUL - South Korean shares swept to their biggest daily jump in three weeks on Tuesday as the global AI boom drove a sharp tech rally, taking the sting out of U.S. President Donald Trump's threat to impose higher 25% tariffs on Korean goods.The news initially pulled down the benchmark KOSPI .KS11 by 1%, but that just lured buyers looking for exposure to Asia's best-performing market in 2025, a title it won on the back of surging AI-driven demand in the tech sectors.For a full report, click on KRW/ - - - - FOREIGN EXCHANGE NEW YORK - The U.S. dollar sank to a near four-year low against a basket of currencies on Tuesday, as traders kept watch for possible coordinated currency intervention by U.S. and Japanese authorities and this week's Federal Reserve interest rate decision.

Against a basket of currencies, the dollar fell 0.9% to 96.212, its lowest since February 2022.

For a full report, click on USD/ - - - - SHANGHAI - China's yuan slipped from a 32-month high against the dollar on Tuesday, after the central bank guided the currency weaker through its daily guidance fix, a move that traders saw as a signal to temper the currency's recent gains.In the spot market, the onshore yuan CNY=CFXS changed hands at 6.9577 as of 0404 GMT, after hitting a high of 6.9535 in the previous session, the loftiest level since May 2023.For a full report, click on CNY/ - - - - AUSTRALIA - The Australian and New Zealand dollars held near multi-month peaks on Tuesday as their U.S. peer came under broad pressure from uncertainty over ever-changing U.S. policy on trade and geopolitics.The Aussie paused at $0.6912 AUD=D3, having surged more than 3% in the past five sessions to a 16-month high of $0.6941. For a full report, click on AUD/ - - - - SEOUL - The won KRW= was down 0.3% at 1,447.9 per dollar as of 0832 GMT, also retracing initial losses of 0.6%, coming off a near one-month high hit on Monday.For a full report, click on KRW/ - - - - TREASURIES NEW YORK - U.S. Treasury yields were mixed on Tuesday as investors positioned ahead of a Federal Reserve policy decision that is widely expected to leave interest rates unchanged, while also eyeing a five-year note auction for fresh signals on demand for U.S. government debt.

The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB was slightly up at 4.217%, while 30-year yields rose 1.6 basis points (bps) to 4.820% US30YT=RR.

For a full report, click on US/ - - - - LONDON - Germany's 10-year government bond yield was little changed on Tuesday after ending a seven-day climb the day before, but remained close to its highest level since last March when German political leaders agreed to sharply increase fiscal spending.Germany’s 10-year Bund yield DE10YT=RR, the euro zone’s benchmark, fell less than 1 basis point to 2.864%, after hitting 2.9070% on Friday. It reached 2.94% in mid-March.For a full report, click on GVD/EUR - - - - TOKYO - Japanese government bond yields rose on Tuesday as the market continued to bet on an early interest rate hike from the Bank of Japan even as the yen gained ground in recent sessions.The benchmark 10-year JGB yield JP10YTN=JBTC rose 4 basis points (bps) to 2.275%.For a full report, click on JP/ COMMODITIES GOLD - Gold prices pushed higher on Tuesday after breaking through the $5,000 per ounce milestone for the first time in the previous session, as persistent economic and geopolitical uncertainty drove investors to the safe-haven metal.

Spot gold XAU= gained 1.5% to $5,091.17 per ounce as of 01:32 p.m. EST (1832 GMT). It hit an all-time high of $5,110.50 on Monday before closing at $5,014.29.

For a full report, click on GOL/ - - - - IRON ORE - Dalian iron ore futures prices fell for a second straight day on Tuesday, weighed down by lingering concerns over demand for the key steelmaking ingredient in top consumer China.The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 0.51% lower at 788 yuan ($113.26) a metric ton.For a full report, click on IRONORE/ - - - - BASE METALS - Oil prices settled 3% higher on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend.

Brent crude futures LCOc1 settled up $1.98 or 3.02%, at $67.57 a barrel.

For a full report, click on MET/L - - - - OIL - Oil prices rose by more than $1 a barrel on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend.Brent crude futures LCOc1 were up $1.29 or 1.97%, at $66.88 a barrel by 11:31 a.m. EDT (1631 GMT).For a full report, click on O/R - - - - PALM OIL - Malaysian palm oil futures closed higher for a second consecutive session on Tuesday, tracking a rise in rival edible oils at the Dalian exchange, with good export and lower production data also lending support.The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.78%, to 4,258 ringgit ($1,077.97) a metric ton.For a full report, click on POI/ - - - - RUBBER - Japanese rubber futures edged lower on Tuesday as the yen held firm, although lower supply from top producers Thailand and Vietnam lent some support to prices.The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was down 1.1 yen, or 0.31%, at 349.9 yen ($2.26) per kg.For a full report, click on RUB/T - - - -

(Bengaluru Bureau; +91 80 6749 1130)