GLOBAL MARKETS-Asia stocks edge up for 7th day on recovery hopes

* Exporters, technology stocks help regional equities

* Late-maturity US Treasuries slip further on supply worries

* Oil steady near $49 as Middle East violence drags on (Updates prices, adds quote, comments, European outlook)

By Kevin Plumberg

HONG KONG, Jan 6 (Reuters) - Asian stocks inched higher for a seventh day on Tuesday on hopes for a global economic recovery later in 2009, but the yen's gains against high-yielding currencies suggested scope for optimism was limited.

European stock futures STXEc1 pointed to a higher open, as investors continued to move money stashed in low-risk government bonds into equities in search of higher returns.

Low interest rates around the world and massive government economic stimulus plans have revived some investors' willingness to take on risk again after one of the worst years on record for equities in 2008.

Long-dated U.S. Treasuries were under pressure after the 30-year yield surged overnight, rising above 3 percent for the first time since mid December, as the market demanded more incentive to lend to the increasingly indebted U.S. government.

Expectations that U.S. President-elect Barack Obama will offer $310 billion in tax cuts as part of a $775 billion plan to support the economy have fed into the tentative recovery in global equity markets. Germany also was reportedly considering tax cuts to revive Europe's largest economy.