Asian stocks rose as a drop in Chinese industrial profits increased pressure on Premier Wen Jiabao to step up measures to support growth in the world’s second-largest economy.

Nikkei 225 8,949.87 +43.17 +0.48%

S&P/ASX 200 4,384.2 +22.60 +0.52%

Shanghai Composite 2,052.2 +48.03 +2.40%

China Overseas Land & Investment Ltd., the country’s biggest developer by market value listed in Hong Kong, rose 1.7 percent.

Renesas Electronics Corp. advanced 1.3 percent after Kyodo reported a government-backed counter offer for the Japanese chipmaker may be double a bid by KKR & Co.