"TSMC Earnings Boost Asian Stocks Despite Rate Fears"

Asian stocks rebounded, driven by expectations of strong earnings from TSMC and bargain buying, despite concerns over higher U.S. interest rates and geopolitical tensions. Chinese markets extended gains but showed signs of losing momentum amid growth concerns. TSMC's first-quarter earnings report is awaited for cues on AI demand, with expectations of strong profit growth despite worries stemming from ASML's weaker-than-expected earnings. Gains in broader Asian markets were limited by fears of higher U.S. interest rates, with some regional benchmarks still recovering from steep losses in April.