SINGAPORE equities kicked off the week in the black on Monday (Sep 30), a week after China announced a stimulus package. Read more at The Business Times.

Chinese stocks extended a blistering rally on Monday with those in the mainland headed for their best month in almost a decade, as Beijing rolled out further stimulus measures to arrest a slowdown in the broad economy.

China's $114 billion stimulus has some investors excited, but it's lacking support for the country's discouraged consumers.

Beijing's economic stimulus measures extended China's market rally into a second week, while Japan's choice of former Defense Minister Shigeru Ishiba as the country's next prime minister knocked down shares in Tokyo.

SHANGHAI/SINGAPORE (Reuters) -Chinese stocks swept to their biggest single-day gains in 16 years on Monday, with domestic A-shares registering their highest ever turnover, as investors scrambled to join a searing rally sparked by Beijing's latest raft of stimulus measures.

China's CSI 300 rallied 8.48%, closing at 4,017.85 for a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.

Chinese stocks just had their best week since 2008. After the government pumped a $114 billion stimulus into the market, the CSI 300 index, which tracks companies in Shanghai and Shenzhen, jumped 15.7% in a week.