China's oil supply is less vulnerable to disruptions from the closure of the Strait of Hormuz compared to Japan and Korea because it secures significant supply domestically and from Russia.

China's first-quarter GDP grew 5% year-over-year, surpassing the estimate of 4.8% and the prior period's growth of 4.5%.

TSMC sources helium from the Middle East, and executives have stated that a prolonged war in the region will negatively impact the company's profits.

Market expectations for a Bank of Japan rate hike this month have fallen from around 50% to 30% due to uncertainty from the Iran war.

Following its latest results, analysts revised TSMC's price target upwards by an average of 6%.

Japanese companies are finding it more difficult to pass on rising import costs to consumers now because they have already raised prices over the past year.

China's retail sales figures came in below expectations, indicating weakness in domestic demand.

TSMC's capital expenditure is expected to be on the higher end of its estimated range due to strong AI-related demand.

Japanese companies like Sanrio are concerned about rising utility and transport costs related to higher resource prices stemming from the Iran war.

TSMC's gross margin beat expectations, coming in at 66%.