Beijing's sweeping economic stimulus has sparked a powerful rally in Chinese stocks, sending the market soaring to levels not seen in nearly a decade. On September 30, the benchmark CSI 300 Index surged as much as 9.

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.

Chinese stocks extended a powerful rally on Monday, with mainland markets poised for their best month in nearly a decade. Beijings stimulus efforts to halt an economic slowdown have fueled investor optimism,