“Geopolitical tension could rise in 2020, and this is yet to be factored in by the markets; these relate to relationship issues between the US and Iran, North Korea and the Middle East, ” said Malaysian Rating Corp’s associate director, economic research, Nor Zahidi Alias(pic).
With world markets rallying to record highs, what is it that will stop this momentum forward? Geopolitics has surfaced in a big way, right at the beginning of the year, with the US killing of top Iranian military commander Qassem Soleimani in a drone attack.
Stockmarkets, which had opened strongly in the new year, boosted by some optimism on trade and prospects for global growth, plummeted as investors fled to safe haven assets.
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