June 6 (Bloomberg) -- Asian stocks rose to a record, led by Japanese trading companies after Daiwa Institute of Research Ltd. recommended investors buy shares in Marubeni Corp.
Marubeni, Japan's No. 5 trading company, surged 5.7 percent. Canon Inc. paced a decline among exporters on speculation a reduction in U.S. interest rates will be delayed.
``Trading companies have been eyeing various profit-making opportunities where they can use earnings from their commodities business and Marubeni is a case in point,'' said Tomokatsu Mori, who helps oversee $7.4 billion at Fukoku Capital Management Inc. in Tokyo. ``Automaker and technology stocks took a hit from reduced expectations that U.S. rates will be cut soon.''
The Morgan Stanley Capital International Asia-Pacific Index rose 0.3 percent to 153.30 at 10.55 a.m. in Tokyo, set for a record close. Japan's Topix Index added 0.1 percent. The Nikkei 225 Stock Average lost 0.1 percent.
Taiwan's Taiex Index climbed 0.7 percent, led by Asustek Computer Inc. after the company said it developed a laptop computer with Intel Corp., the world's largest chipmaker. Australia's Toll Holdings Ltd. slumped as shares of its spinoff Asciano Group traded separately for the first time.
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