STOCKS NEWS ASIA-Markets seen lower on euro zone fears

WELLINGTON, Feb 9 (Reuters) - Asian stocks are likely to fall on Tuesday, as heightened concerns about euro zone debt still dominated equity markets, sending financial shares lower.

Wall Street turned negative after a positive start, with the major indices falling as much as 1 percent, with bank shares the big losers on fears of wider fallout from the euro zone's debt issues.

British and European shares both snapped losing streaks to finish higher, as strength in miners and defensive stocks overcame weakness from banks.

The U.S. dollar drifted lower on the slight recovery in overseas equities. The euro steadied but was unable to advance as fears Portugal and Spain could soon face the same fiscal problems as Greece dominated markets. The yen was slightly stronger against the greenback.

Japan's Nikkei average is seen falling, with Nikkei futures trading in Chicago 65 points lower than the Osaka close.

Australian shares are also seen softer, with share index futures at 4,442, a 79-point discount to the underlying index's close on Monday.



HEADLINES: > Dow closes below 10,000 on euro zone debt woes > Banks, Japanese firms lead foreign stocks lower > Toyota to halt Sai, Lexus hybrid production-Nikkei > Electronic Arts outlook disappoints, shares fall > Hartford swings to quarterly profit > Ex-Intel exec admits conspiring with Rajaratnam > US jobs gauge rises for 5th month-Conf Board > Fed's Bullard: May see asset sales late 2010 > CIT sets John Thain's salary at $6 million/year > Macquarie sees H2 in line with H1, strong cash > India's PNB buys control of Kazakhstan's Danabank



KEY INDEXES pct change

Bank of New York Asia ADR index -1.15

Dow Jones Industrial Average -1.04

Nasdaq Composite Index -0.70

MSCI Asia Pacific ex-Japan -0.06

Nikkei futures in Chicago 9,895

Nikkei futures in Osaka 9,960



TOP ASIA EVENTS:

For more Asian company earnings, see

JAPAN - Japan Tobacco Q3 results

- Pioneer Corp Q3 results

- Nissan Motor Co Q3 results

AUSTRALIA - National Australia Bank Q1 update

- Macquarie Group Q3 update

- Cochlear Ltd H1 results

HONG KONG - Semiconductor Manufacturing International

Corporation (SMIC) final results

TAIWAN - UMC January sales


(Reporting by Adrian Bathgate; editing Gyles Beckford)
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