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GLOBAL MARKETS-China stocks halt plunge, Asia wary but advances

* Spreadbetters see slightly higher open for European bourses

* Chinese shares swing in and out of red after Thursday's plunge

* Nikkei hits 15-yr high, Australian, South Korean shares rise

* Dollar nudged off recent peaks scaled vs yen, euro

By Shinichi Saoshiro

TOKYO, May 29 (Reuters) - Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction.

Spreadbetters expected Britain's FTSE, Germany's DAX and France's CAC to open higher, albeit modestly in light of persisting Greek debt woes.

Buoyed by China, Australia and South Korea

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