GLOBAL MARKETS-Stocks rise with China recovery on track

* China industrial output at 19-mth high; loans slow

* Australia dollar struggles to stay above $0.9300

* HSBC stock climbs 5 pct after upbeat quarterly review

By Kevin Plumberg

HONG KONG, Nov 11 (Reuters) - Asian stocks rose for a fourth day in a row on Wednesday as Chinese factory output jumped to a 19-month high in October, while the ailing U.S. dollar hovered near a 15-month low.

European stock markets were expected to open higher, according to financial bookmakers, and U.S. stock futures edged up, though further gains were becoming more difficult towards the end of the year and some investors look to take profits from this year's rally.

The Australian dollar slid briefly below $0.93 as other data showed new loans from Chinese banks halved from September, leading dealers to take profits just before the currency could retest its October highs.

Nevertheless, other indications of China's economy were within expectations and gave no sign that the recovery that has led the world economy is petering out. [Z-MCE-RTRS]

"China's recovery has extended into Q4 and this momentum looks set to continue into 2010," said Brian Jackson, strategist with Royal Bank of Canada in Hong Kong.