The People's Bank of China (PBOC) has unveiled a new stimulus package aimed at revitalizing the nation's economy. This package is the second largest stimulus effort following pnly that of the pandemic. Chinese stocks (000300.SS) are rallying in Monday's pre-market session in response to the announcement.

Yahoo Finance markets & data editor Jared Blikre analyzes the market reactions to this news, explaining the significance of this stimulus and its potential impact on global markets.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Angel Smith