Stocks edge up led by steel, renewable energy firms

China's stocks rose for a fifth day as steel makers and renewable energy companies gained on signs government spending will drive up demand for their products, overshadowing a decline by Sichuan Expressway Co.

Baoshan Iron & Steel Co and Angang Steel Co soared more than 8 percent as prices of the metal climbed. Xinjiang Goldwind Science & Technology Co, the nation's biggest maker of wind turbines, advanced by the 10-percent daily limit. Sichuan Expressway Co sank 10 percent after tripling in debut trade on Monday.

The Shanghai Composite Index added 3.16, or 0.1 percent, to 3,438.37 at the close after trading lower for most of the day. The gauge has doubled from last year's low as government stimulus spending, record bank lending and an economic rebound spurs demand for equities. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, rose 0.3 percent to 3,755.82.