Market Updates

Crude Oil and Gold Prices Diverged Following U.S. Attack on Venezuela

Li Chen
05 Jan, 2026
Hong Kong

    Stocks in China and Hong Kong advanced on Monday as investors reviewed geopolitical developments.

    Crude oil prices rebounded from the early decline in trading after the U.S. military conducted a surprise precision attack and captured Venezuela’s president, Nicolas Maduro.

    The surprise attack sent shock waves in the commodities trading, but prices rebounded after initial worries of global supply disruption waned.

    Gold soared as much as 1.6% to $4,403 an ounce, and the crude oil price for the immediate month's delivery eased 0.5% to $57.05 a barrel.

    China’s tech stock dominated trading in Hong Kong and Shanghai, as investors held out for rapid adoption of AI-enabled applications. 

     

    China Indexes and Stocks

    The Hang Seng Index decreased 0.1% to 26,313.06, and the mainland-focused CSI 300 index advanced 1.6% to 4,703.41. 

    Alibaba Group Holding rose 2.4% to HK $152.50, Tencent Holdings advanced 0.5% to $625.0, and Kuaishou Technology soared 10% to $72.90. 

    Zijin Mining Group eased 0.3% to HK $36.30, PetroChina Company decreased 4.4% to HK $8.15, and CNOOC Ltd fell 4.4% to HK $21.10. 

     

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