Asian Equities Soar to Record Highs, Oil Fluctuates Amid Venezuela Tensions

Market
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CNBC TV18•05-01-2026, 06:36
Asian Equities Soar to Record Highs, Oil Fluctuates Amid Venezuela Tensions
- •Asian shares surged to a record, driven by strong performance in technology stocks, marking their best start to a year since 2012.
- •Oil prices fluctuated after the capture of Venezuela's president Nicolás Maduro, with Brent crude initially sliding before climbing.
- •Venezuela's key oil infrastructure, including Jose port and Amuay refinery, remains operational despite the political upheaval.
- •Analysts view geopolitical shocks like Venezuela's situation as short-lived, with markets quickly pricing and digesting them.
- •Investors are also monitoring US Treasury yields and upcoming economic data, including jobs reports and consumer sentiment.
Why It Matters: Asian markets hit records despite Venezuela's political turmoil, as investors focus on fundamentals over geopolitical noise.
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