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Asian shares shrug off Venezuela impact and climb; oil volatile
Asian technology stocks pushed markets to their strongest start since 2012 as Venezuela's key oil facilities remained operational, easing supply concerns despite geopolitical tensions.
- On January 5, 2026, Asian equities climbed to a record as investors extended bets on technology shares, with MSCI's Asian stock index jumping 0.7% at the open.
- After the weekend capture of Nicolás Maduro, US equity-index futures rose in Asia as the US ousted Venezuela's president, creating a geopolitical flashpoint and affecting oil at $60 a barrel.
- People with knowledge said Venezuela's oil infrastructure, including Jose port, Amuay refinery and Orinoco Belt, remained operational while West Texas Intermediate , spot gold and Bitcoin showed volatility.
- Treasuries were little changed and Bloomberg's gauge of the dollar edged higher, as investors and strategists said equities will likely look through headlines while watching US Treasury yields.
- Some strategists expect the flare-up to be short-lived rather than a sustained oil shock, with Wall Street strategists generally optimistic this year but wary of risks to global equities, Dilin Wu said.
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Total News Sources54
Leaning Left5Leaning Right12Center11Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 18%
C 39%
R 43%
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