European markets opened higher. Tokyo's Nikkei stock average surged Hong Kong's Hang Seng Index gained In mainland China, where the benchmark Shanghai Composite Index has fallen by more than two-thirds since peaking last October, the index soared 7.

Markets in India, Australia, Singapore and South Korea joined the region's advance. Demand from the U. They're aware that exports next year will be terrible given the weakening economies in the U.

China's announcement came as economic officials from 20 leading nations called Sunday for increased government spending to boost the troubled global economy. At a meeting in Brazil, finance ministers and central bank presidents from the Group of 20, which includes major wealthy and developing nations, also said emerging economies deserve a prominent role in talks to overhaul the world financial system.

The markets got an added boost from Wall Street, where the major indexes gained Friday despite news that U. The Dow Jones industrial average rose Dow futures were up points, or 1.

China's stimulus plan — a mix of spending, subsidies, looser credit policies and tax cuts that will benefit low-cost housing, rural infrastructure, power grids, social welfare programs and other areas — lifted shares across most sectors. Property, resource and financial plays were among the biggest gainers, although energy firms also advanced.

In Hong Kong, No. Commodity firms helped lead Australia's market higher on hopes a wave of Chinese building as a result of the stimulus measures would underpin demand for resources. Australian shares also were helped by speculation that the country's central bank would cut interest rates further after it lowered its forecasts for economic growth over the next two years.

In Japan, Sony rose 7. Mitsubish Heavy Industries gained 6. Investors shrugged off bad news about capital investment in Japan, where core machinery orders dropped a record-tying The dollar strengthened to AP reporters Elaine Kurtenbach in Shanghai and Shino Yuasa in Tokyo contributed to this report. Sections Sections Top Stories Watch U. Chris Christie holds news conference in Trenton UN Security Council: Tropical Storm Cindy Dow Jones Industrial Average EarthTV hosts day live look of global cities observing Ramadan Alpacas graze at the Stargazer Ranch in Loveland, CO More Privacy Policy Your CA Privacy Rights Children's Online Privacy Policy Interest-Based Ads Terms of Use Contact Us Yahoo!

Entertainment Virtual Reality Health Tech Investigative Sports Weather Privacy Policy Privacy Policy Your CA Privacy Rights Your CA Privacy Rights Children's Online Privacy Policy Children's Online Privacy Policy Interest-Based Ads Interest-Based Ads Terms of Use Terms of Use Contact Us Contact Us. What Would You Do? Asian stock markets leap higher on China stimulus plan By JEREMIAH MARQUEZ. Asian stock markets leap higher on China stimulus plan.

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