European stocks with high exposure to China, including mining companies, luxury companies and car manufacturers, are rising strongly on Tuesday after China's central bank announced new stimulus measures.

In the mining sector, Anglo American is the biggest gainer at 6.2%, while LVMH leads among luxury companies with a 4.0% rise. All of the German car manufacturers are up between 2-3%.

Swedish mining stocks such as Boliden, Lundin Mining and SSAB are also rising strongly. The first two are trading up over 5 percent, while SSAB is advancing almost 3 percent. Furthermore, Volvo Cars is up just over 2 percent, and Autoliv is up 1.5 percent.