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

* Australia dollar struggles to stay above US$0.9300

* HSBC stock climbs 5 pct after upbeat quarterly review (Repeats to more subscribers)

By Kevin Plumberg

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

The Australian dollar slid briefly below US$0.93 as other data showed new loans from Chinese banks were halved compared with 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 global 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.

"Growth is still heavily reliant on policy stimulus, easy liquidity and government-directed investment, but we expect to see stronger external demand in the months ahead."