The US Federal Trade Commission plans to file suit on Monday accusing Amazon of secretly manipulating ad-auction pricing since 2018 and deceiving advertisers, extracting tens of billions of dollars over seven years. The complaint, joined by more than 20 state attorneys general, will be filed in federal court in Seattle. FTC alleges Amazon changed its auction strategy by entering a hidden “soft floor” minimum above the second-highest bid, driving up advertiser payments; advertisers reportedly suf

China A-shares closed higher after an early dip: Shanghai Composite +0.86%, Shenzhen Composite Index +0.44%, ChiNext +0.42%. Short-drama-related names led gains — digital media, cinema chains, AI training-data and short-drama interactive game stocks produced multiple 20% limit-ups; Mango Excellent Media and Zhongwen Online both hit 20% limits, while Zhongguang Tianze, Shanghai Film and Bona Film Group also reached limit-up. AI chip names recovered from a weak open: Juxin Technology +13%, Xingchen Technology +12%, Rockchip hit limit-up, Kunlun Wanwei +8%. Liquid-cooled server plays rallied with several stocks, including Inspur Information, on limit-up. Other strong sectors: components, LiDAR, consumer electronics, semiconductors, compute/AI infrastructure and satellite internet. Lagging sectors included precious metals, recombinant protein, PV equipment, innovative drugs, plantation, chemical pharmaceuticals and white spirits. Turnover across Shanghai and Shenzhen totaled CNY2.13 trillion, up ~CNY29.3 billion versus the prior session; about 3,000 stocks rose and ~2,100 fell.

Germany August preliminary CPI y/y 2.9% (expected 2.95%; prior 2.80%).