Stocks post biggest 2010 weekly gain

SHANGHAI - China's stocks rose for a second day, driving the benchmark index to its biggest weekly gain this year, as raw-material producers climbed on signs a global recovery boosted the demand for commodities.

Jiangxi Copper Co and Tongling Nonferrous Metals Group Co, China's top two copper producers, advanced at least 2.8 percent. Datong Coal Industry Co rose to a two-month high, leading an advance in coal producers, as rising crude oil boosted the demand for alternative fuel. Kweichow Moutai Co, China's biggest producer of baijiu liquor by value, dropped the most in seven months as profits trailed analysts' estimates.

The Shanghai Composite Index rose 10.54, or 0.3 percent, to 3157.96 at the close, the highest since Jan 21. It has gained 3.2 percent this week, the most in three months, on evidence the economic recovery gained momentum. The CSI 300 Index, which will be the basis for index futures trading, gained 0.5 percent to 3,407.35. China's markets will be shut for a holiday on April 5.