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.

European stocks were lower Wednesday morning, paring gains from the previous session on the back of Chinese stimulus measures.

Bursa Malaysia closed higher yesterday, driven by a positive Wall Street performance overnight and after China announced a stimulus package to jumpstart its struggling economy, sparking a rally in regional and global shares.

Chinese stocks rose sharply in trading today as the Central Bank of the Republic of China unveiled a wide-ranging package of stimulus initiatives meant to revive the world’s second-largest economy.

European shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China's central bank unveiled broad stimulus measures to aid its ailing economy.

European stocks closed higher Tuesday, buoyed by China's central bank monetary stimulus measures. The pan-European Stoxx 600 index provisionally ended up 0.6%, with most sectors and major bourses in positive territory.