TSMC Beats Forecasts, Investors Flee to Cash, & Key Markets Hit Milestones

1. TSMC reported Q1 revenue that surpassed market forecasts, driven by a 45.2% year-over-year revenue surge in March.
2. Investors executed a major flight to safety, marked by the largest inflow into cash in 9 weeks ($70.7 billion) and the biggest inflow into gold in 6 weeks ($3.5 billion).
3. Markets saw significant movements as Japan's Nikkei index surpassed 57,000 for the first time since early March and WTI crude oil broke through $100 per barrel.