* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* MSCI ex-Japan starts higher on Tuesday, Nikkei rises too
* Signs of peaking in coronavirus outbreak helping sentiment
* Confidence tempered by fears of global recession
* Investors eye Chinese trade data, corporate results
By Koh Gui Qing and Swati Pandey
NEW YORK/SYDNEY, April 14 (Reuters) - Asian stocks bounced on Tuesday on hopes the coronavirus outbreak may be peaking, though sentiment was cautious ahead of Chinese trade data and corporate earnings as investors worried about a deep global recession.
Chinese shares started firm with the blue-chip index up 0.7%. Australian shares were up 0.6% while South Korea's KOSPI index and Japan's Nikkei each gained 1.4%.
Hong Kong's Hang Seng rose 0.2%.
That left MSCI's broadest index of Asia-Pacific shares excluding Japan up 0.6%.
E-Mini futures for the S&P 500 were modestly higher, up 0.2%.
All eyes will be on China's trade data, which is expected to show exports tumbling 14% in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth.
Indeed, some analysts say any optimism over signs the outbreak may be peaking in hard-hit cities is quickly being offset by concerns that it may be a while before businesses recover.
"Signs of the outbreak peaking - or at least slowing in some regions - have started to turn the talk to when restrictions on activity can be eased," analysts at JPMorgan said in a note.
"Short of the unlikely near-term event of a vaccine or significant herd immunity, restarting economies ... may be challenging," the analysts wrote.
Wall Street indexes ended mixed on Monday with the Dow and S&P 500 falling while a 6.2% gain in Amazon shares helped the Nasdaq end higher.
In Asia, an expected trade slump in China will reinforce views that the world is headed for a global recession this year, despite an unprecedented burst of stimulus from policymakers in the last two months to shore up growth.
Many analysts already expect China's economy, the world's second-largest, to have contracted sharply in the March quarter for the first time since at least 1992. China reports its first-quarter gross domestic product data on April 17.
A weak report could see China boost monetary and fiscal stimulus in a bid to reflate its economy.
"If we see greater signs that China is vigorously supporting domestic economic activity, then the global industrial cycle will recover with great alacrity in the second half of 2020," Montreal-based BCA Research wrote in a note on Monday.