Asian stocks rose in U.S. trading as mining shares including BHP Billiton followed copper and other metal prices higher.
The Bank of New York Co.'s Asia ADR Index, tracking the region's American depositary receipts, added 0.8 percent to 173.07, the seventh gain in eight sessions.
Copper rose to a two-month high in New York after union workers went on strike at a mine in Chile, the world's largest producer of the metal. Prices of gold and silver also increased.
BHP Billiton, the world's largest mining company, advanced $1.79 to $67.07. Lihir Gold Ltd., a Papua New Guinea gold miner, climbed 22 cents to $26.94.
Aluminum Corp. of China Ltd., the country's biggest producer of the metal, added 21 cents to $47.50.
Baidu.com Inc. fell $3.70 to $193.90. The operator of China's most-used Internet search site was cut to ``hold'' from ``buy'' at Citigroup's Jason Brueschke. The analyst said the shares, which have gained 75 percent this year through July 6, are expensive after rising ``so far so fast.''
Among Japanese companies, Nissan Motor Co. is recalling 140,582 of its 2007 Altima cars, the automaker's best-selling U.S. vehicle, because the air filter can catch fire if a hot object is drawn into it. The recall affects Altima cars with a 2.5-liter, four-cylinder engine, Nissan told the U.S. National Highway Traffic Safety Administration. The stock added 3 cents to $21.58.
Nikkei 225 Stock Average futures expiring in September were at 18,230 in Chicago, 18,290 in Singapore and 18,280 in Osaka.
source:bloomberg.com
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