Asian stocks rose, led by commodities producers, as copper and oil prices increased and sales of existing homes in the U. S. surged the most on record, fueling speculation a global economic recovery is strengthening. BHP added 4.1 % to A$38.11 after copper futures climbed 5.1 % in New York on Aug. 21, the steepest gain since June 1. The MSCI Asia Pacific Index rose 2.1 % to 112.37 as of 10:33 a. m. in Tokyo, with about 14 times as many stocks gaining as retreating. All 10 industry groups climbed, led by materials producers.
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