China's stock markets roared back from a week-long break to reach their highest levels in more than two years at the open, before paring gains after officials failed to inspire confidence in stimulus plans intended to revive the economy.

Dr. Michael Burry, the brilliant investor who bet against the housing market before the 2008 meltdown, is a smart investor who has no problems making the types of contrarian deep-value bets that would make most market participants feel incredibly uncomfortable.

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.

Stock futures slipped on Monday as a lack of clarity from China on the far-reaching stimulus package announced by the People’s Bank of China two weeks ago led to sharp drops in

China is back to work after the fall "Golden Week" holiday, and the sheen is coming off a recent market rally. A briefing from the country's top economic planner, the National Development and Reform Commission,

Fiscal stimulus in China could help boost the world's second-largest economy to 5% GDP growth next year, SocGen analysts predicted.

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.

A rally in onshore Chinese stocks on their return from a week-long holiday fizzled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled.

A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country's ailing economy disappointed investors. Shares had jumped by more than 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country's economic planners.