Asian stocks are divided amid China's growth-boosting pledges.

After China pledged to quicken the implementation of policy adjustments to spur sluggish economic growth and Australia's central bank hiked its benchmark interest rate, Asian stock markets were divided on Tuesday.

While Hong Kong lost ground, Shanghai, Tokyo, and Seoul advanced.

Although it made no new spending announcements on Monday, the Chinese Cabinet's planning office promised to speed up simpler lending and ot....