There is some upside room for the commodity prices like oil and other raw materials and so investor should focus on more upstream sectors and the stocks said Yuihama.

Excerpts from CNBC-TV18's exclusive interview with Hirokazu Yuihama:

Q: Seems like in a very quiet, consolidating sort of mode today?

A: Yes, today the Asian markets are affected by last night US markets movement which was little down. But I think the worst is almost already behind us in Asian markets.

Q: What is your opinion on commodity stocks in light of crude surging USD 120/bbl?

A: First the US dollar movement continues to be weak. There is some upside room for the commodity prices like oil and other raw materials. So I would like to recommend that the investor should focus on more upstream sectors and the stocks.

Q: Any particular preference?

A: I like Australia; the largecap stocks like BHP Billiton Ltd and Rio Tinto and some oil related sectors.