Asian commodity stocks rose in CFDs platform

Asian commodity stocks rose in CFDs platform as a forecast for faster European economic growth boosted confidence in a global recovery. Japanese shares fell as a stronger yen dented prospects for export earnings.

BHP Billiton Ltd., the world’s largest mining company, climbed 1.2 percent in Sydney after commodity prices increased. Mitsubishi Corp., which receives about 40 percent of its sales from commodities, rose 1.5 percent in Tokyo. Toyota Motor Corp. fell 1.3 percent on speculation Japanese Prime Minister Naoto Kan will survive a leadership challenge from Ichiro Ozawa, who advocates intervention to weaken the yen.

The MSCI Asia Pacific Index gained 0.3 percent to 124.15 as of 12:10 p.m. in Tokyo, with about the same number of stocks rising as falling. The measure has climbed 7.1 percent from a one-month low on Aug. 25 amid speculation the U.S. will avoid slipping back into recession.

Japan’s Nikkei 225 Stock Average fell 0.2 percent as the yen strengthened against the dollar to its highest level since 1995. Australia’s S&P/ASX 200 Index advanced 0.5 percent.

China’s Shanghai Composite Index swung between gains and losses as Premier Wen Jiabao said the nation’s economy is in “good shape” and the government will curb property market speculation. Hong Kong’s Hang Seng Index gained 0.3 percent.

Futures on the Standard & Poor’s 500 Index were little changed today. The index climbed 1.1 percent yesterday in New York to the highest level in a month after China reported an increase in industrial production and the European Commission said Europe’s economy may grow almost twice as fast as previously forecast this year with a more “moderate” expansion in the second half.