Chinese stocks on Wednesday extended their rally triggered by Beijing’s stimulus bazooka, though optimism elsewhere in the region could not be sustained

Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a market turnaround and kickstart the country’s sluggish economy.

Chinese stocks made brisk gains on Wednesday, extending their stimulus-fueled rally to a second day, even as equities in the rest of the region struggled and crude oil retreated from a multi-week high.

China's economic stimulus boosts markets with $140B injected into economy: JD, TCOM, BABA stocks have 37%-42% upside according to analysts.

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Stocks globally struggled on Wednesday to maintain momentum fuelled by China's monetary stimulus measures, with crude oil retreating and the dollar under pressure.

Chinese stocks surged for a second day, fueled by stimulus measures, while other regional markets struggled. The People's Bank of China announced wide-ranging policy easing, including a rate cut. Meanwhile,

(Reuters) - UK shares slipped on Wednesday, retracing gains from the previous session, as investors questioned whether the optimism over extensive stimulus measures in China was overdone. At 0715 GMT, the blue-chip FTSE 100 was down 0.3%.

Chinese stocks surged on Wednesday, lifting regional markets and helping extend a stimulus-fueled global rally that also underpinned risk-sensitive currencies, while Brent crude hovered near a three-week high.

China’s pledge of up to $340 billion to boost its ailing equities is invoking parallels with past efforts at home and in Japan that largely faltered in lifting the economy after an initial burst of enthusiasm.

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.