Amazon reported earnings showing AWS revenue up 37% year over year—its fastest pace in 18 quarters—sending the stock up 15%. Apple posted revenue that beat expectations and said iPhone sales rose 22%, but shares fell 9% on supply-shortage concerns. Reddit topped expectations on both revenue and profit, yet the stock dropped 22% after CEO Steve Huffman said search referrals were choppy during the quarter. The moves underscored how big-tech results and guidance shaped sentiment around AI infrastructure demand.

China’s major A-share indexes all closed lower on Monday. The Shanghai Composite fell 0.59% and the Shenzhen Component dropped 0.96%. The CSI 300 slipped 0.98% while the ChiNext Index declined 1.24%. The STAR 50 Index led losses, tumbling 5.08%.

Kering reported first-half revenue of 7.22 billion euros on July 28, up 1% year on year on a comparable basis. Second-quarter revenue rose 2% to 3.652 billion euros, marking its first quarterly growth in three years, according to 36Kr. Gucci’s second-quarter revenue fell 2%, narrowing from an 8% decline in the first quarter. The stock surged 17% on the next trading day.

Iron ore prices moved higher after China’s state-backed iron ore buyer expanded import restrictions on Fortescue, a rival to Rio Tinto. Buying interest also picked up as traders stepped in following two months of declines. The development is seen as a material policy disruption on the supply side that has directly affected spot and futures trading dynamics.

Copper climbed for a third straight session, while aluminum extended its rebound from a four-month low. The moves were driven by a clear cooling in expectations that the Federal Reserve will raise interest rates, which weighed on the U.S. dollar and pushed real yields lower. That shift increased the appeal of dollar-priced industrial metals for investors.

Pakistan has purchased an LNG shipment for delivery later this week amid continued constraints on exports from Qatar through the Strait of Hormuz. The move underscores how disruptions in a key shipping corridor are tightening LNG availability and providing short-term support to the global spot market. The report did not disclose pricing, volumes or contract terms.

China’s A-share power reform sector fell broadly, with Xianglong Electric closing at the daily limit down. Huaneng Power, Guangdong Electric Power A, Hongxiang Shares, Xinneng Taishan, and Xinlian Electronics also declined, according to Jin10. The moves marked a sector-wide pullback rather than a routine fluctuation.

Spot silver fell 0.61% intraday to $62 per ounce. The move reflects real-time trading data for the day, according to Jin10. The report cites the price decline only and does not attribute it to factors such as the U.S. dollar, interest rates or shifts in industrial demand.

India’s petroleum and natural gas minister Hardeep Singh Puri said the country will expand domestic crude oil exploration to increase local supply and reduce dependence on imports. The move follows recent constraints on traffic through the Strait of Hormuz that tightened energy supplies in India. The reporting did not provide details on specific exploration blocks, investment size or a timeline, and it cited no confirmed supply disruptions or immediate increases in supply.