Asian Stocks Rise, Oil Jumps as Trump Orders Blockade on Venezuela Tankers
Asian equities advanced on Wednesday, supported by strong buying in technology shares, while oil prices surged more than 1% following an escalation of U.S. sanctions pressure on Venezuela.
President Donald Trump ordered a blockade of all “sanctioned oil tankers” headed to Venezuela, building on last week’s seizure of an oil tanker off the country’s coast by U.S. forces. The move intensifies pressure on the government of Nicolás Maduro and contributed to a rebound in crude prices after recent declines.
Regional Market Performance
Japan’s Nikkei 225 gained 0.3% to 49,512.28 as traders awaited a Bank of Japan policy decision later in the week. Data showed Japan’s exports rose 6% in November from a year earlier, with shipments to the U.S….
