Chinese stocks came under pressure on Tuesday after a disappointing update from the government tempered some of the exuberance that has propelled Chinese equities out of a bear market in recent weeks.

Before the Golden Week break, China announced the most aggressive stimulus measures since the pandemic and the CSI300 gained 25% over five sessions. Flows on Tuesday were directed at broad index funds and pockets of the market expected to benefit from government largesse.

Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy.