* MSCI Asia-Pacific index up 0.17 pct, Nikkei rises 0.5 pct
* US yields hover near 6-week highs, help prop up dollar
* Commodities buoyant amid prospect of increased China demand
By Shinichi Saoshiro
TOKYO, July 25 (Reuters) - Asian stocks rode higher on Wednesday thanks to strong U.S. corporate earnings and hopes China will boost fiscal support for its economy, while long-term U.S. yields hovered near six-week highs on speculation the Bank of Japan could be less accommodative.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.17 percent.
The index extended gains from the previous day, when it was lifted after China said it will adopt a more vigorous fiscal policy to help tackle external uncertainties. stocks .AXJO dipped 0.1 percent, South Korea's KOSPI .KS11 advanced 0.35 percent and Japan's Nikkei .N225 rose 0.5 percent
Overnight on Wall Street, the S&P 500 .SPX closed at its highest level since Feb. 1 as Alphabet's GOOGL.O blowout results bolstered expectations of a robust earnings season. .N
"Gains by U.S. shares are providing support for equities, as well as China's stimulus plan. Corporate earnings will continue to come out and these will be a key focal point for the markets, which also have to keep an eye on trade developments," said Soichiro Monji, senior economist at Daiwa SB Investments in Tokyo.
In currencies, the dollar index against a basket of six major currencies .DXY was little changed at 94.594, having edged up from a near two-week low of 94.207 plumbed at the start of the week on the back of higher U.S. Treasury yields.
The 10-year Treasury note yield US10YT=RR stood at 2.950 percent after climbing to a six-week peak of 2.973 percent overnight.
The yield had shot up on speculation the BOJ was edging closer to unwinding its aggressive monetary stimulus, following reports by Reuters and other media late last week that the central bank was holding preliminary discussions on possible changes to its monetary policy.
The euro was flat at $1.1684 EUR= while the dollar edged up 0.1 percent to 111.31 yen JPY= .
The pound was up 0.05 percent at $1.3151 GBP=D3 , building on gains from the previous day on news that British Prime Minister Theresa May would lead negotiations on the country's departure from the European Union. Australian dollar was also buoyant, trading a shade higher at $0.7427 AUD=D3 after gaining 0.5 percent on Tuesday when hopes for China's stimulus lifted the currency.
The Aussie, which if often used as liquid proxy for China plays, also benefited as prices of commodities such as industrial metals rose on Chinese stimulus hopes.
Copper on the London Metal Exchange (LME) traded at $6,270.50 per tonne CMCU3 after soaring 2.7 percent overnight to a two-week peak of $6,328.00.
On Tuesday, LME zinc CMZN3 rose 2.4 percent and LME nickel CMNI3 advanced 1.5 percent.
Brent crude futures LCOc1 was up 0.45 percent at $73.76 a barrel, adding to the previous day's gains as market focus shifted away from oversupply concerns to the possibility of increasing Chinese demand O/R
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MSCI, Nikkei datastream chart
http://reut.rs/2sSBRiD
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by Shri Navaratnam)