March 13 (Reuters) - A look at the day ahead in Asian

markets.

A tech-fueled whoosh pushed Wall Street higher on Tuesday, which

should give Asian markets a good foundation to build on at the

open on Wednesday, but spiking U.S. bonds yields on the back of

hotter-than-expected U.S. inflation data could limit the upside.

There's nothing on the local economic and policy calendar

likely to move the Asian market dial much on Wednesday, with

only New Zealand food prices, Indian trade and Indonesia

consumer confidence data scheduled for release.

Investor sentiment across Asia seems to be holding up well.

The MSCI Asia ex-Japan index rose nearly 1% to a seven-month

high on Tuesday, Chinese stocks hit their highest in nearly four

months, and the correction in Japan has fizzled out for now.

All that was before the rebound on Wall Street - the S&P 500

rose to a new record close and the Nasdaq gained 1.5%, boosted

by a 7% bounce in market darling Nvidia and 12% surge in Oracle.

This was despite a solid rise in U.S. bond yields - the

10-year yield chalked up its biggest increase in three weeks -

after consumer inflation figures for February came in slightly

hotter than expected.

U.S. equities have not risen often on days when Treasuries

have sold off, so it may be premature to read too much into it.

But the bullish view would be that it highlights the confidence

underpinning the market, the resilience of tech and AI, and the

potential upside still to run.

The question for Asian markets is whether these tailwinds

offset the headwinds of higher bond yields and stronger dollar.

Improving domestic sentiment helped lift Chinese markets on

Tuesday after the country's No.2 property developer China Vanke

said the impact of a Moody's ratings downgrade on its financing

activities was "controllable".

Successfully tackling the property sector crisis is key to

reviving wider economic growth, fighting off deflation, and

reversing the torrent of capital outflows. It's a tall order but

the 13% rebound in Chinese stocks in the past month points to

some degree of optimism.

Bank of Japan Governor Kazuo Ueda, meanwhile, cooled some of

the bubbling optimism on Japan's economy on Tuesday, telling

lawmakers that the economy was recovering but also showing some

signs of weakness.

The slightly bleaker remarks come ahead of the BOJ's policy

meeting next week where the board will debate whether the

outlook is bright enough to phase out its massive monetary

stimulus.

Ueda's remarks helped push the two-year Japanese yield back

from its 13-year high, while the yen had its biggest fall in a

month.

Here are key developments that could provide more direction

to markets on Wednesday:

- New Zealand food prices (February)

- India trade (February)

- Indonesia consumer confidence (February)

(By Jamie McGeever;)