Best Stocks to Buy – EMERGING MARKETS-Most Asian stocks gain as U.S. yields ease

    * Graphic: World FX rates tmsnrt.rs/2RBWI5E
    * Nasdaq futures up over 1%
    * Indonesia's 10-year benchmark yield comes off a 5-mth high
    * Philippine peso strengthens 0.5% 

    By Shruti Sonal
    March 9 (Reuters) - Most emerging Asian share markets rose
on Tuesday, tracking a recovery in U.S. equity futures following
a pullback in Treasury yields, while regional currencies
reversed early losses as the greenback gave up most of its
gains. 
    U.S. 10-year Treasury yields edged lower after
hitting a one-year high on Monday. Nasdaq futures bounced
1.1%, paring some losses from a sell-off in technology-related
shares on Monday that pushed the index into correction
territory.  
    Reflecting moves in U.S. yields, Indonesia's 10-year
benchmark yield came off a five-month high hit
earlier in the session, while its Indian counterpart
also slipped. 
    Positive cues from U.S. Treasury Secretary Janet Yellen
aided sentiment and boosted equities. Yellen said on Monday that
U.S. President Joe Biden's $1.9 trillion coronavirus aid package
would provide enough resources to fuel a "very strong" U.S.
economic recovery.
    Singapore's benchmark index climbed over 1%, while
India and Malaysia added about 0.5% each.
    South Korean shares, which shed as much as 2%
earlier in the day on the back of a sell-off in technology
stocks, recouped some losses to trade 0.7% lower by 0740 GMT. 
    A slipping U.S. dollar drove a recovery in most emerging
Asian currencies.
    Philippine peso, the worst performing currency in the
region so far this year, strengthened 0.5%. Singapore dollar
 and the Indian rupee added 0.2% each. 
    However, bond yields have continued to rise as investors
fret over a potential rise in inflation due to a flurry of
pandemic-related stimulus measures.
    While the U.S. Federal Reserve has downplayed the rise in
yields so far, the European Central Bank will discuss on
Thursday the merits of intervening.
    Emerging Asian bond yields have displayed strength, as
investors continued to find refuge in them as well as relative
stability offered by Asian junk-rated debt.
    "With risk of US nominal/real yields heading higher, this
could pose a challenge to some central banks - notably
Indonesia, to flexibly manage domestic financial conditions
through its bond purchase program without undue pressure on
IDR," Citi Research analysts wrote in a note.
    Overall FX weakness will likely be more than welcomed by the
central banks of Malaysia and Thailand to ease monetary
conditions, they added.
    Top Glove Corp Bhd, the world's largest medical
gloves manufacturer, climbed nearly 5% after posting a record
profit for a fourth straight quarter as continued demand for
gloves globally boosted sales.
    
    Highlights:
    
    ** Thailand's 10-year government bond yields are down 11
basis points at 1.82%
    ** Top gainers on the Singapore STI include Hongkong
Land Holdings Ltd, Comfortdelgro Corporation Ltd
, Sembcorp Industries Ltd 
    
    
    
  Asia stock indexes and                                 
 currencies at   0810 GMT                           
 COUNTRY  FX RIC        FX     FX    INDEX  STOCKS  STOCK
                     DAILY  YTD %            DAILY  S YTD
                         %                       %      %
 Japan               -0.02  -5.18            0.99   5.77
 China    <CNY=CFX   +0.12  +0.13            -1.82  -3.28
          S>                                        
 India               +0.25  -0.00            -0.14   6.82
 Indones             -0.28  -2.43            -0.78   3.69
 ia                                                 
 Malaysi             -0.36  -2.43             0.39  -0.56
 a                                                  
 Philipp             +0.54  -0.95             0.15  -5.22
 ines                                               
 S.Korea  <KRW=KFT   -0.62  -4.74            -0.67   3.57
          C>                                        
 Singapo             +0.20  -1.94             0.79   8.84
 re                                                 
 Taiwan              -0.31  +0.33             0.21   7.61
 Thailan             -0.06  -2.70             0.07   6.59
 d                                                  
 

 (Reporting by Shruti Sonal in Bengaluru; Editing by Anil
D'Silva)