Nov. 28 (Bloomberg) -- Asian commodity stocks rose on expectations government steps to pull the global economy out of recession will boost demand for raw materials. Panasonic Corp. led electronics companies lower after slashing its profit outlook.
The MSCI Asia Pacific Index rose 0.5 percent to 81.90 as of 11:02 a.m. in Tokyo. About six shares climbed for every five that retreated on the gauge today, led by materials and energy stocks.
``Investors have shifted their focus from the current economic slump to authorities' stimulus measures,'' Yoshinori Nagano, a Tokyo-based senior strategist at Daiwa Asset Management Co., which manages about $96 billion, said in an interview with Bloomberg Television.
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