KEY TAKEAWAYS China-focused exchange-traded funds (ETFs) and U.S. listed-Chinese stocks surged Tuesday, buoyed by Beijing's broad stimulus package to boost the country's sluggish economy.The $4.4 billion iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI),

China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the world's second-largest economy out of the deflationary funk that has shaken global currency and equity markets this year.

Nio’s stock was surging Tuesday, as investors in the China-based electric vehicle maker cheered the stimulus measures China’s central back implemented to try to jump start the sagging economy.