Chinese stocks had their best day since 2008, with the CSI 300 index jumping 8.5% after a major stimulus package from Beijing. This rally began last week after the People’s Bank of China and President Xi Jinping’s politburo announced significant monetary and fiscal support to boost the slowing economy. Over five sessions, the CSI 300 rose 24%, with trading volumes hitting a nine-year high.In Hong Kong, the Hang Seng index also rose 2.4%, led by Chinese companies like Alibaba and Tencent, with a 24% year-to-date gain. This growth contrasts with Japan’s Nikkei 225, which fell 4.8% as investors worried about new Prime Minister Shigeru Ishiba’s plans for higher taxes and his decision to call an election in October.In other news, TPG is close to acquiring German metering company Techem for €7 billion from Partners Group. The deal, supported by Singapore’s GIC, reflects growing interest in sustainability and the energy transition.