Key Takeaways Chinese stocks hit resistance on Tuesday after an update from the government on economic stimulus failed to meet investor expectations.The announcement of stimulus measures, including lowering interest rates and freeing up capital at banks,

A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country's ailing economy disappointed investors. Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country's economic planners.

China's stock markets roared back from a week-long break to reach their highest levels in more than two years at the open, before paring gains after officials failed to inspire confidence in stimulus plans intended to revive the economy.