GLOBAL MARKETS-China Stimulus Pushes Global Shares to New Peak, Boosts Commodities

GLOBAL MARKET - SINGAPORE/LONDON. World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.

People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden. Pan also said China will roll out structural monetary policy tools for the first time to help stabilise capital markets.