Commodity firms lead rise in stocks

SHANGHAI - China's stocks rose for a second day, led by commodity producers, on speculation Europe's debt crisis will stop the government from further tightening monetary policy.

Jiangxi Copper Co and Aluminum Corp of China Ltd, the nation's biggest makers of copper and aluminum, advanced at least 3 percent as metal prices increased.

China Life Insurance Co added 2 percent and Ping An Insurance (Group) Co gained 1.5 percent after the insurance regulator said insurers' caps on equity investments may be raised. A measure tracking property stocks erased earlier losses, adding 0.99 percent.