TSMC’s higher capital spending outlook sent its shares down 5.26% in a single session, adding to selling pressure in tech after Netflix results missed expectations. Japan’s Nikkei has fallen more than 12% in less than a month, pushing it toward technical correction territory. Brent crude rose above $85 a barrel, stoking inflation and rate-hike worries, while the Philadelphia Semiconductor Index has slumped 18.91% in nearly three weeks, nearing bear-market levels.

Australia’s latest government energy report says tighter global supply and a surge in LNG prices followed the shutdown of Qatari LNG facilities linked to the Middle East conflict. It lifted its forecast for Australia’s LNG export earnings in 2026–27 to A$67.6bn, up A$21bn from the projection published in December, and also revised last financial year’s earnings up by A$6bn. The upgraded outlook has intensified domestic pressure to introduce a gas export tax, but no new measure has been adopted so far.

Ukrainian President Volodymyr Zelenskyy warned Belarusian leader Alexander Lukashenko to dismantle Russian military communications relay stations near the Belarus-Ukraine border within a week, or Ukraine would do so itself. He said the stations in two Belarusian regions bordering Ukraine were being used by Russian forces to support attacks on Ukrainian civilians. Zelenskyy also alleged Belarus’s oil refining industry had become a major supplier for Moscow, including the Russian army, and said Lukashenko could stop it. The remarks highlight Belarus’s role in Russia’s war logistics and raise the prospect of cross-border action that could disrupt regional energy infrastructure and fuel supply.