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 and climbed to their highest levels in more than two years at the open, but lost steam after officials failed to inspire confidence in stimulus plans intended to turnaround a sputtering economy.

Oil futures in Shanghai also gained at the open, but that’s just the local price catching up with moves higher in global crude markets seen in recent sessions given the tensions in the Middle East.