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.

From tech to luxury goods and commodities, certain companies benefit more from Chisna's capital easement than others.

Stock markets diverged and oil prices fell on Wednesday as China's latest measure to bolster its economy, the world's second-largest, failed to spark another global rally.

Commodity prices have climbed this week, with oil, silver, and copper among the more recent standouts, buoyed by China’s stimulus measures, but traders should be wary about the outlook for the sector until they see evidence that the global economy will avoid a hard landing.

By Tom Wilson and Kevin Buckland LONDON/TOKYO (Reuters) -Stocks globally slipped on Wednesday, with a continued stimulus-fueled rally in China the one bright spot, while the dollar came under pressure and crude oil retreated from a multi-week high.

Investors added to bets on a recovery in Chinese shares, snapping up bullish options on US-traded securities after the country’s central bank announced a massive stimulus package.