Some emerging market economies implemented four-day work weeks and switched from gas to coal to manage energy supply risks from the Strait of Hormuz closure.

Chinese liquor maker Mautai has raised its prices and been embraced by stock investors for demonstrating pricing power.

Sneaker company Allbirds rebranded itself as an AI company, causing its stock to increase by 500% overnight.

The U.S. is currently exporting energy products at nearly maximum capacity.

South Korea and Taiwan have performed well despite being large energy importers because strong demand for their products gives them pricing power.

China is the world's largest exporter of solar panels and has been trying to curb domestic production to reduce a supply glut.

Participants in the physical oil market are paying higher rates than financial markets to secure cargoes at specific locations.

TSMC has reported encouraging financial figures, while ASML in Europe reported less positive numbers.

Indonesia, the Philippines, and India are considered laggards in Asian markets because they are large importers of oil.