Stocks of China oil firms slump after US captures Venezuela president Maduro

Reuters
2026.01.05 02:29
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Shares of China's state-owned energy firms fell sharply following the U.S. capture of Venezuelan President Nicolas Maduro. PetroChina Co. dropped approximately 4% in both Shanghai and Hong Kong, while China Petroleum & Chemical Corp. fell over 1% in Shanghai. CNOOC's shares declined 3% in Shanghai and over 4% in Hong Kong. The Hang Seng Energy Index decreased about 3%, marking its worst day in nine months. Meanwhile, the benchmark Hang Seng Index rose 0.3%. Maduro is currently detained in New York on drug charges, following a U.S. seizure order.