Asia Morning Call-Global Markets

Feb 4 (Reuters) -

----------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1819 GMT

EQUITIES

GLOBAL - MSCI's global equities gauge rose slightly on Tuesday while Wall Street's main indexes lost ground as software stocks were slammed while investors waited for high-profile earnings reports but in contrast, precious metal prices rose sharply, regaining some lost ground following a two-day rout.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.71 points, or 0.26%, to 1,046.48.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The S&P 500 and the Nasdaq dropped on Tuesday as a broad selloff in software and cloud stocks blunted upbeat results from Palantir and kept investors on edge ahead of earnings from Alphabet and Amazon later this week.

At 11:12 a.m. ET, the Dow Jones Industrial Average .DJI rose 41.07 points, or 0.08%, to 49,448.73, the S&P 500 .SPX lost 31.21 points, or 0.45%, to 6,945.23 and the Nasdaq Composite .IXIC lost 240.62 points, or 1.02%, to 23,351.49.

For a full report, click on .N

- - - -

LONDON - Europe's benchmark share index nudged up to another record close on Tuesday as a sharp selloff in software and advertising companies offset a rally in commodity-linked stocks.

The pan-European STOXX 600 .STOXX ended up 0.1% higher at 617.93 points, having also closed at an all-time high on Monday.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average climbed nearly 4% to close at a record high on Tuesday, rebounding from a decline posted in the previous session, after the sell-off of precious metals paused.

The Nikkei .N225 rose 3.92% to 54,720.66 in its biggest daily gain since October 25.

For a full report, click on .T

- - - -

SHANGHAI - China stocks ended higher on Tuesday, led by construction machinery and defence shares, while a rebound in gold prices after a two-session selloff in the commodities market lifted sentiment in non-ferrous metal shares.

The blue-chip CSI300 Index .CSI300 closed up 1.2%, while the Shanghai Composite Index .SSEC gained 1.3%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares rebounded from a three-week low on Tuesday, driven by gold and base metal miners, with investors firmly pricing in the beginning of a tightening cycle following a widely anticipated quarter-point interest rate hike.

The S&P/ASX 200 index .AXJO ended 0.9% higher at 8,857.10 points, its best session since mid-November, after finishing at its lowest since January 12 the previous day.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares rose nearly 7% on Tuesday to notch a record closing high, as overnight gains in U.S. tech stocks and expectations of domestic market reforms boosted risk sentiment.

The benchmark KOSPI .KS11 ended up 338.41 points, or 6.84%, at 5,288.08, marking its highest close on record and the biggest daily percentage rise since March 24, 2020.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar strengthened against the yen on Tuesday but was backing away from a third consecutive day of broad gains even as positive economic data and shifting expectations for Federal Reserve policy outweighed concerns about another U.S. government shutdown.

The dollar index =USD, which measures the greenback against a basket of currencies, was 0.08% lower at 97.45 and retreating from a two-day 1.5% advance.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan firmed on Tuesday near a 33-month peak against the dollar, boosted by seasonal settlement demand, while the central bank signalled a preference for gradual appreciation.

The yuan CNY=CFXS stood 0.06% higher against the dollar by 03:05 GMT, off an earlier figure of 6.9378, which was its strongest since May 11, 2023.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar jumped on Tuesday after the country's central bank raised interest rates for the first time in two years in an effort to restrain inflation, leading markets to wager that at least one more hike would be needed this year.

The Aussie quickly climbed 1.2% to $0.7027 AUD=D3, more than recouping an overnight dip as the greenback bounced broadly.

For a full report, click on AUD/

- - - -

SEOUL - South Korean shares rose nearly 7% on Tuesday to notch a record closing high, as overnight gains in U.S. tech stocks and expectations of domestic market reforms boosted risk sentiment.

The benchmark KOSPI .KS11 ended up 338.41 points, or 6.84%, at 5,288.08, marking its highest close on record and the biggest daily percentage rise since March 24, 2020.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields rose on Tuesday as traders evaluated possible shifts in Federal Reserve policy under Kevin Warsh and as traders faced U.S. economic data delays due to a partial government shutdown.

The yield on benchmark U.S. 10-year notes US10YT=RR rose 0.7 basis points to 4.284%.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields rose on Tuesday, taking the lead from U.S. Treasuries as markets assessed how Kevin Warsh, tapped to be the next Federal Reserve chair, could shape the Fed’s policy trajectory.

Germany’s 10-year government bond yield DE10YT=RR, the euro area’s benchmark, rose 2.6 basis points (bps) to 2.89%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond yields rose on Tuesday as risk-on sentiment took hold after a slump in commodities prices paused and stocks jumped.

The benchmark 10-year JGB yield JP10YTN=JBTC climbed 2.5 basis points (bps) to 2.255%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold and silver prices rebounded sharply on Tuesday after a steep selloff over the previous two sessions and the bullion was on track for its biggest daily rise since November 2008 as bargain‑hunters stepped in amid resilient underlying fundamentals.

Spot gold XAU= rose 6.9% to $4,985.44 per ounce by 11:40 a.m. ET (1640 GMT), recovering from Monday's low of $4,403.24 but still trading below last week's record high of $5,594.82.

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore futures dipped on Tuesday, extending losses from a commodities selloff in the previous session as sluggish steel demand ahead of the Chinese Lunar New Year later this month weighed.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 traded 1.14% lower at 777.5 yuan ($112.06) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices rebounded on Tuesday after news that China plans to boost stockpiles of the metal and as risk sentiment rekindled among global investors.

Benchmark three-month copper CMCU3 on the London Metal Exchange gained 4.1% to $13,418 a metric ton by 1715 GMT, having sunk to a three-week low in the previous session.

For a full report, click on MET/L

- - - -

OIL

Oil prices edged up on Tuesday after dropping more than 4% a day before, on worries over supply as Russia continued attacks on Ukraine and hopes an agreement between the U.S. and India to slash tariffs could boost global demand.

Brent futures LCOc1 were up 67 cents, or 1.0%, at $66.97 per barrel at 11:23 a.m. EST (1623 GMT).

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures extended losses to a second session on Tuesday as trading resumed after a long holiday weekend, pressured by declines in Dalian edible oils, but strong export data capped losses.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange was down 16 ringgit, or 0.38%, at 4,213 ringgit ($1,072.01)a metric ton at closing.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures extended falls to a third session on Tuesday, pressured by subdued domestic demand, while easing broad-based commodities slump supported prices in China and Singapore.

The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was down 4.2 yen, or 1.22%, at 339.1 yen ($2.18) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)