April 9 (Reuters) - A look at the day ahead in Asian

markets.

Consumer confidence surveys from Japan and Australia and

Taiwan's latest inflation print top the Asia-Pacific calendar on

Tuesday, with risk appetite more broadly managing to hold up in

the face of U.S. Treasury yields breaking out to new 2024 highs.

The 10-year U.S. Treasury yield on Monday rose to 4.464%,

the highest since November, yet Wall Street avoided losses and

the three major indices ended the day flat.

Benchmark Asian, emerging market and world equity indices

all made modest gains on Monday too despite the rise in global

yields. The 10-year U.S. yield is up 11 bps since Friday's U.S.

jobs report, yet equity markets have held the line.

It is yet further evidence that investors may be getting

used to higher yields and the ever-decreasing amount of rate

cuts the Fed is seen delivering this year. A June rate cut is

now only a 50-50 probability, and barely 60 bps of easing is

expected this year, futures markets show.

Figures on Tuesday are expected to show that annual

inflation in Taiwan cooled last month to 2.51% from 3.08% in

February. This would mark a notable cooling, but inflation would

still be comfortably above the central bank's 2% target.

The rise in February of almost 1.3 percentage points was the

biggest in three years. Taiwan's central bank followed that with

a surprise interest rate rise last month.

Shares in Taiwanese chipmaker TSMC, meanwhile, could get a

boost on Tuesday after the U.S. Commerce Department said it

would award the firm's U.S. unit a $6.6 billion subsidy for

advanced semiconductor production in Phoenix, Arizona, and up to

$5 billion in low-cost government loans.

The same goes for shares in Samsung. The Biden

administration plans to award $6-7 billion to the South Korean

tech giant as it seeks to ramp up chipmaking in the U.S., two

people familiar with the matter said.

Chinese stocks, meanwhile, have bucked the wider trend. They

started the week with a third consecutive daily decline, with

the troubled property sector once again front and center of

investors' concerns.

Developer Shimao Group said on Monday that China

Construction Bank (Asia) had filed a liquidation petition

against it in Hong Kong over unpaid debts, a rare case of a

state-owned bank taking such legal action.

The petition centers on Shimao's failure to repay loans of

just over $200 million, and contrasts with legal processes

against rival firms China Evergrande Group and Country Garden

for defaulting on their debts that were launched by

overseas-based creditors.

China's currency remains under scrutiny too. The onshore

yuan is around its weakest level in five months and close to the

upper limit of the central bank's daily trading band, while the

offshore yuan is still trading above the band's 'ceiling'.

Here are key developments that could provide more direction

to markets on Tuesday:

- Taiwan inflation (March)

- Japan consumer confidence (March)

- Australia consumer confidence (April)

(By Jamie McGeever;)