Asian stocks advanced for the first time in six days today (March 06) after commodity prices rallied and the yen retreated against the dollar. Mitsubishi Corp., Japan`s largest trading house, and BHP Billiton, the world`s biggest mining company, led gains after crude oil rose to a record and prices of copper and gold increased.
Honda Motor Co. rose in Tokyo on speculation a halt in the yen`s advance will boost the value of its overseas sales.
Japanese benchmark index Nikkei gained 186.26 points, or 1.44%, to trade at 13,158.32.
Hong Kong`s index Hang Seng advanced 297.03 points, or 1.29%, to trade at 23,411.37.
China`s Shanghai Composite gained 23.95 points, or 0.56%, to trade at 4,316.61.
Taiwan`s Taiex index advanced 68.24 points, or 0.80%, to trade at 8,552.19.
South Korea`s KOSPI gained 8.59 points, or 0.51%, to trade at 1,685.69.
Singapore`s Straits Times advanced 16.01 points, or 0.55%, to trade at 2,926.78. (8.15 a.m., IST)