Yields on Chinese government debt are hovering near multi-decade lows as investors remain unconvinced by stimulus efforts.

The Shanghai Index surged 8% today, its best performance since 2008, and rallied about 23% from its mid-September low. The KraneShares CSI China Internet ETF KWEB owns Chinese software and information technology stocks. It’s up 37% since its late August low.

Las Vegas Sands stock, a casino and resort company operating in Macau and Singapore, rose 8% on 26th September, as compared to a 0.4% increase in the S&P 500 index.

While hopes are high, the wider Chinese economy—in particular its languishing property market—will take longer to recover.

Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.

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

The Shanghai Stock Exchange will close from Oct. 1 to Oct. 7 for the China National Day celebrations. Hong Kong’s market will be shut on Oct. 1.

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.

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.