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,

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.

Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong suffered its worst day in 16 years on disappointment at a lack of detail on