May 22 (Reuters) -

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** indicates closing price

All prices as of 1822 GMT

EQUITIES

GLOBAL - Stock indexes were mixed while Treasury yields edged higher and the dollar fell on Wednesday as concerns continued about U.S. President Donald Trump's efforts to push through a tax-cutting bill.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.64 points, or 0.07%, to 882.26.

For a full report, click on MKTS/GLOB

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NEW YORK - The S&P 500 slipped in volatile trading and Treasury yields rose on Wednesday as U.S. President Donald Trump's proposed tax-cut law faced a rare overnight hearing aimed at influencing Republican holdouts opposed to the bill's passage.

At 11:53 a.m. ET, the Dow Jones Industrial Average .DJI fell 332.05 points, or 0.78%, to 42,345.19, the S&P 500 .SPX lost 10.06 points, or 0.17%, to 5,930.40, and the Nasdaq Composite .IXIC gained 70.80 points, or 0.36%, to 19,213.51.

For a full report, click on .N

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LONDON - European stocks were little changed on Wednesday as gains in broader stocks outweighed declines in luxury and retail stocks, while investors monitored a tax cut bill in the United States.

The pan-European STOXX 600 .STOXX closed slightly lower.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average fell on Wednesday as traders locked in recent gains and appreciation in the yen sapped demand for exporters.

The benchmark Nikkei .N225 has climbed 4.4% since U.S. President Donald Trump announced sweeping tariffs on April 2, only to pause most of them as he sought bilateral trade deals.

For a full report, click on .T

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SHANGHAI - China and Hong Kong stocks closed higher on Wednesday, led by mining and battery shares, as a rally in gold prices and the strong Hong Kong debut of CATL boosted sentiment.

China's blue-chip CSI 300 Index .CSI300 closed 0.5% up, while the Shanghai Composite Index .SSEC gained 0.2%.

For a full report, click on .SS

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AUSTRALIA - Australian shares ended higher on Wednesday, with financials extending their rally, a day after the central bank's widely expected rate cut and caution around global trade uncertainties from U.S. tariffs set the stage for further easing.

The S&P/ASX 200 index .AXJO closed 0.5% higher at 8,386.8, its highest close since mid-February.

For a full report, click on .AX

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SEOUL - South Korean shares closed nearly 1% higher on Wednesday, as biopharmaceutical stocks jumped on a government pledge of policy support to help mitigate the impact of U.S. tariffs.

The benchmark KOSPI .KS11 closed up 0.91%, or 23.78 points, at 2,625.58.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar fell for a third day against a range of currencies on Wednesday, as investors worried about the Trump administration's tax cut and spending bill, with Republicans still divided over the details of the legislation.

The dollar was down on the year against every major currency =USD.

For a full report, click on USD/

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SHANGHAI - China's yuan rose against the dollar on Wednesday, extending gains as the latest efforts by Beijing to stimulate a shaky economy was further underpinned by a broadly softer U.S. currency.

By 03:07 GMT, the yuan CNY=CFXS was 0.11% higher at 7.2085 to the dollar after trading in a range of 7.2075 to 7.2200.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand dollars regained some ground on Wednesday as economic worries undermined their U.S. counterpart, while bonds basked in the afterglow of a surprisingly dovish cut in domestic interest rates.

The Aussie dollar edged up 0.3% on Wednesday against a broadly softer greenback to stand at $0.6442 AUD=D3 and away from support around $0.6390. Resistance lies around $0.6460 and $0.6500/6515.

For a full report, click on AUD/

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SEOUL - The South Korean won strengthened against the dollar on Wednesday.

The won was quoted at 1,387.2 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.52% higher than its previous close at 1,394.4.

For a full report, click on KRW/

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TREASURIES

NEW YORK - The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday in what was seen as a test of foreign demand for U.S. debt as concerns over the fiscal and inflation outlook mount.

Yields on the 20-year debt US20YT=RR rose after the auction to 5.104%, the highest since November 2023.

For a full report, click on US/

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LONDON - Euro zone government bond yields rose on Wednesday as higher oil prices added to pressure on longer-dated bonds, already struggling globally due to worries about countries' fiscal positions, particularly the U.S.

Germany's 10-year yield, the benchmark for the euro zone, rose 4 basis points to 2.637%DE10YT=RR.

For a full report, click on GVD/EUR

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TOKYO - Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead.

The benchmark 10-year JGB yield JP10YTN=JBTC was flat at 1.515%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty.

Spot gold XAU= was up 0.7% at $3,312.77 an ounce, as of 1355 ET (1755 GMT).

For a full report, click on GOL/

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IRON ORE

Iron ore futures rose on Wednesday, supported by a softer U.S. dollar and resilient demand for the steelmaking ingredient, although weakness in China's property sector capped gains.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.76% higher at 728.5 yuan ($101.10) a metric ton.

For a full report, click on IRONORE/

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BASE METALS

Copper prices edged higher on Wednesday as investors spooked by growing U.S. debt levels looked for hard assets as the dollar weakened.

Benchmark three-month copper CMCU3 on the London Metal Exchange $(LME.AU)$ was up 0.1% at $9,528 a metric ton by 1615 GMT.

For a full report, click on MET/L

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OIL

Oil prices dipped on Wednesday after the U.S. government released bearish data on crude and fuel supplies ahead of the U.S. summer driving season, a period of higher demand.

Brent futures LCOc1 fell 12 cents to $65.26 a barrel by 1:12 p.m. EDT (1712 GMT).

For a full report, click on O/R

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PALM OIL

Malaysian palm oil futures snapped a two-day winning streak on Wednesday, having reversed earlier gains as rising output and inventory levels weighed on the market, although stronger rival edible oils and relatively bullish export data limited the fall.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange fell by 12 ringgit, or 0.31%, to 3,896 ringgit ($913.05) a metric ton at the close.

For a full report, click on POI/

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RUBBER

Japanese rubber futures lost ground on Wednesday, pressured by a firmer supply outlook as production areas entered the harvesting season, outweighing brightening demand for the tyre-making material.

The Osaka Exchange (OSE) rubber contract for October delivery JRUc6, 0#2JRU: ended daytime trade 3.1 yen lower, or 0.96%, to 320.2 yen ($2.23) per kg.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)