Asian Markets: Wynn Macau's IPO bet pays off

Markets across Asia closed higher Friday. Refreshed after an eight-day Golden Week holiday, Chinese investors drove the Shanghai Composite up 4.8 percent with the index ending the day at 2,912. In Japan, the Nikkei Index rose 1.9 percent to close at 10,016, and in Hong Kong the Hang Seng Index ended the day fairly flat, closing at 21,499 – an increase of 0.03 percent.

In China, investors who had been vacationing while gold hit new highs plowed into metals stocks. Zijin Mining Group Co. (ZIJMF), Jiangxi Copper Co. (JIXAY) and Zhongjin Gold Corp. all surged to their 10 percent daily limit. Commodities companies were also on the rise with coal producer China Shenhua Energy Co. (CUAEF), spiking 8.3 percent and mammoth oil company PetroChina Co. (PTR) climbing 3.7 percent.