China mainland and Hong Kong stocks higher after Politburo stimulus pledge

From China on Monday was the news of renewed economic support promises:

• China pledge to step up policy support underpins rally in oil and Chinese equities

• On Monday China promised more stimulus. Another promise, or for real this time?
• Rate cuts, tax cuts, fee reductions expected from China says state-sponsored finance media

In addition to higher yuan Chinese stocks are also higher.

'Hong Kong's Hang Seng is up around 3% while the Shanghai Composite is up around 1.5%.

The announcement effect is impacting, traders will later be waiting on specifics.