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From CNBC: China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected

China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.

The world's largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March.

Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts' estimates.

This comes as investors took in strong earnings stateside, looking past weaker-than-expected economic data and threats of escalation in Iran.

The official purchasing managers' index reading of 50.3 was higher than the the 50.1 expected by Reuters-polled economists.

From CNBC: Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years

Rising global oil prices have begun seeping into the domestic economy, squeezing margins for manufacturers dependent on imported raw materials.