JD.com Inc

London's FTSE 100 fell 0.34% as energy stocks dragged, while the FTSE 250 rose 0.6% on travel gains amid lower oil prices and peace deal hopes.

Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.

Alibaba Group reported a sharp 66% drop in quarterly net income, missing estimates, as aggressive spending on discounts and delivery squeezed margins despite strong growth in its cloud and AI division.