China's stocks rose to a seven-month high Friday following a Wall Street rally.
The benchmark Shanghai Composite Index climbed 1.38 percent, or 42.56points, to close at 3,129.5.
The Shenzhen Component Index gained 1.01 percent, or 137.63 points, to finish at 13,733.36.
Combined turnover rose to 459.17 billion yuan (66.5 billion U.S. dollars) from 388.9 billion yuan the previous trading day.
Gainers outnumbered losers 680 to 190 in Shanghai and 825 to 255 in Shenzhen.
U.S. shares closed Thursday at their highest level since just before Lehman Brothers collapsed in 2008, after the U.S. Federal Reserve said Wednesday it would buy an extra 600 billion U.S. dollars of Treasuries through till June 2011 to stimulate its economic recovery.
The move boosted prices of commodities as it weakened the U.S. dollar, which is the currency most commodities are traded in. A weaker dollar makes commodities more attractive to investors holding other currencies.
Oil prices rose sharply to a seven-month high Thursday. On the New York Mercantile Exchange, December crude oil was up 1.80 U.S. dollars to 86.49 U.S. dollars a barrel. China Oilfield Services Limited rose by the daily 10 percent limit in the afternoon trade and closed 8.51 percent higher to 19.63 yuan.
Gold also set another record Thursday in New York. Gold futures for December settled at a record high of 1,383.1 U.S. dollars an ounce, up 45.50 U.S. dollars, or 3.4 percent. Zijin Mining Group, the country's largest gold producer, surged by 4.46 percent to 10.31 yuan.
Gas suppliers rose on expectations of a cold winter. Changchun Gas Co. Ltd. rose by the 10 percent daily limit to 14.51 yuan.
Local stocks in Shanghai surged after Walt Disney Co. inked a deal with a Shanghai firm Friday at a ceremony marking the start of a long-awaited theme park project in China's largest city. Shanghai Pudong Road & Bridge Construction Co. Ltd. gained 9.99 percent to 19.82 yuan.
