Shanghai issues local implementation opinions to reform the commodity housing sales system.

S&P/ASX 200 closed up 0.2% on Monday, led by financials. Markets are positioned for a rate hike expected from the Reserve Bank of Australia on Tuesday, with pricing almost certain. KCM Trade chief market analyst Tim Waterer said the move is largely priced in, shifting focus to whether the RBA signals further tightening or a more cautious, data-driven stance. Any hawkish guidance would likely pressure rate-sensitive sectors; milder wording could help sustain recent gains. A more hawkish signal on Tuesday could quickly dent equity upside.

MSNBC, citing three U.S. officials, reported that two weeks ago an Iranian cruise missile struck a vessel carrying U.S. Marines on duty in the Strait of Hormuz, wounding eight Marines.