PAKISTAN FOREIGN MINISTRY: HAVE NO INFORMATION ON THE VENUE OF SECOND ROUND OF U.S.-IRAN TALKS

China’s National Bureau of Statistics said international crude oil price fluctuations have a relatively limited impact on the country, given its diversified energy structure. Officials noted oil accounts for less than 20% of total energy consumption, while coal still provides over 50% of supply and acts as a key stabilizer. The share of non-fossil energy, including wind and solar, has risen to around 20%.

Taiwan Semiconductor Manufacturing Company reported a 58% y/y rise in Q1 net income to NT$572.48 billion, beating NT$543.32 billion estimates and marking a fourth straight record quarter, driven by strong AI chip demand. Revenue reached NT$1.134 trillion, above NT$1.127 trillion forecasts and up 35% y/y. Advanced chips (≤7nm) accounted for 74% of wafer revenue, with 3nm chips contributing 25%. Demand from customers such as Apple, Nvidia, and AMD remained robust despite supply chain concerns linked to Middle East tensions.