* Rising infections in India rattle energy markets
* Treasury yields little changed after 20-yr auction
* Japan stocks post 2% overnight drop (Updates prices, analyst comment)
By Rodrigo Campos
NEW YORK, April 21 (Reuters) - A global stock index edged up on Wednesday as Wall Street and Europe bounced back from large drops, while oil prices continued to be weighed down by rising COVID-19 cases in Asia.
Recent optimism about rising vaccination rates in the United States and Britain is shifting to concern that record coronavirus infections in India, likely restrictions in Japan and rising cases in Latin America will be a hurdle for the global economic recovery.
On Wall Street, a 7% drop in Netflix NFLX.O weighed on the Nasdaq but indexes were bouncing back from their largest declines in a month.
The Dow Jones Industrial Average .DJI rose 263.99 points, or 0.78%, to 34,085.29, the S&P 500 .SPX gained 29.08 points, or 0.70%, to 4,164.02 and the Nasdaq Composite .IXIC added 108.10 points, or 0.78%, to 13,894.37.
MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.26% and the pan-European STOXX 600 index .STOXX rose 0.65%.
Emerging market stocks lost 0.88%. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.95% lower, while Japan's Nikkei futures NKc1 rose 0.63% after a 2% overnight drop in the Topix .TOPX .
Oil prices were weighed by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer.
"Demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. Nowhere is this more obvious than in India," PVM analysts said.
U.S. crude CLc1 fell 2.11% to $61.35 per barrel and Brent LCOc1 was at $65.33, down 1.86% on the day.
In currency markets, the dollar dipped and was in a tight range throughout the session, not far from the more than six-week low hit intraday on Tuesday.
The dollar index =USD fell 0.061%, with the euro EUR= down 0.06% to $1.2026.
The Japanese yen weakened 0.04% versus the greenback at 108.12 per dollar, while Sterling GBP= was last trading at $1.3928, down 0.06% on the day.
U.S. Treasury yields were little changed even after an auction of 20-year bonds showed strong demand, a pattern analysts expect to persist until next week's data releases and Federal Reserve meeting.
Benchmark 10-year notes US10YT=RR last fell 2/32 in price to yield 1.5696%, from 1.562% late on Tuesday.
The 20-year bond US30YT=RR last fell 4/32 in price to yield 2.1541%, from 2.147%.
Spot gold XAU= added 0.8% to $1,791.65 an ounce. Silver XAG= gained 2.36% to $26.48.
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