SINGAPORE (Jan 23): Despite 2019 ending on a cheerful high, markets turned jittery when the new year started with old enemies US and Iran provoking each other, raising tensions in the Middle East and worldwide by a few notches. Investors, therefore, should adopt a more defensive stance. “To me, this is a known unknown — there is always a risk that something would happen,” says Adrian Loh, UOB Kay Hian’s head of research, at a recent forum.

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