Chinese stocks rocketed Monday, extending last week's surge after China unveiled a raft of economy-boosting measures, while a weak outlook for the car sector sent European auto stocks tumbling.Shanghai's stock market closed up more than eight percent -- its best day since 2008 -- while Hong Kong briefly leapt around four percent,

Shanghai jumped more than 8 percent — its best day since 2008 — and Shenzhen more than 10 percent, while Hong Kong briefly leaped around 4 percent. Investors have been rushing back into the beaten-down markets in reaction to a series of economy-boosting stimulus out of Beijing over the past week.

Hong Kong and Shanghai stocks led gains across Asia and Europe on Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two economy.