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By Bloomberg

Asian stocks rose as a weaker yen buoyed Japanese equities and consumer shares advanced.

The MSCI Asia Pacific Index added 0.2 percent to 144.51 as of 9:01 a.m. in Tokyo. Consumer companies led gains, while energy shares were the worst performers for a second day. Crude oil fell below $50 a barrel on Tuesday, as gold traded near a five-year low.

“This commodities rout is a very big concern,” Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone. “There’s risk for a further downside. It looks like the overall global growth outlook is continuing to slow.”

Japan’s Topix index rose 0.5 percent as it resumed trading following a holiday on Monday. The yen traded at 124.35 per dollar, weakening a second day. South Korea’s Kospi index added 0.5 percent. Australia’s S&P/ASX 200 Index increased 0.1 percent. New Zealand’s NZX 50 Index climbed 0.2 percent. Markets in China and Hong Kong have yet to open.

The Shanghai Composite Index climbed for a third day on Monday, rising 0.9 percent after the gauge briefly surpassed the 4,000-point level. A fifth of the market remained frozen.

The Chinese benchmark has rebounded 14 percent since July 8, following a month-long rout that cost shareholders almost $4 trillion, as policy makers introduced a spate of measures to bolster equities. China Securities Finance Corp., a state-backed agency that provides margin finance and liquidity to the market, has as much as 3 trillion yuan ($483 billion) on tap to support stocks, people familiar with the matter said late last week.

E-mini futures on the Standard & Poor’s 500 Index dropped 0.1 percent today. The U.S. equity benchmark index added 0.1 percent on Monday in New York as the Nasdaq Composite Index extended its record.

Greece met a deadline to pay some 6.8 billion euros ($7.4 billion) to creditors Monday, as depositors queued at reopened banks in the first signs of normality after last week’s bailout deal.