Stock investors monitor the market changes at a securities office in Fuyang, Anhui Province Nocember 10, 2008. The Shanghai stock index rose 7.27% at the government's massive economic stimulus plan. [CFP]

Asia investors are now anticipating that China's economy, the world's third largest, will remain on the fast lane, and keep sizzing up, acting as a source of growth for neighboring economies.

Tokyo's Nikkei 225 stock average surged 498.43 points, or 5.8 percent, to 9,081.43, buoyed also by a weakening yen.

Hong Kong stocks jumped 501.20 points, or 3.52 percent, to close at 14,744.63 on Monday, on mainland's massive economic stimulus package and Wall Street's rebound on Friday. Turnover rose to 60.71 billion HK dollars ($7.84 billion) from Friday's 48.8 billion HK dollars ($6.3 billion). 

Markets in Australia and South Korea also joined the region's advance.

Asian companies seen as potential beneficiaries of the massive Beijing spending program were among the biggest stock gainers on Monday.

Hitachi Construction Machinery, which generates one-sixth of its sales in China, soared 17 percent in Tokyo. Doosan Heavy Industries & Construction, South Korea's largest power-equipment maker, jumped 14 percent, and Australian mining giant BHP Billiton rose 7.8 percent in Sydney.

China's announcement of the stimulus plan came as top economic officials from 20 leading nations called over the weekend in Brazil for increased government spending to boost the troubled global economy.

China's central bank governor Zhou Xiaochuan said on the occasion that Beijing will probably resort to more reductions in the interest rates before the year-end, in addition to the stimulus spending plan, to ensure its eocnomy to power ahead at no less than 8 percent for 2009.

Oil prices also rose in tandem with the region's markets, with a barrel of light, sweet crude for December delivery gaining $2.39 to $63.43 in Asian trade.