Premarket: World stocks pick up, China markets struggle

News Snapshot:

Global stocks neared one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese equity investors took little heart from speculation of a huge government rescue package. The MSCI All-World index was up 0.2%, near one-month highs, thanks in part to a 3% rebound in Hong Kong stocks that slumped the previous day, when foreign outflows gathered pace and short selling surged. Chinese stocks staged a more muted recovery, having touched their lowest in five years the previous day after the country’s cabinet pledged to take more effective measures to...