Asian defence firms may be surprise winners of rising geopolitical tensions: Raychaudhuri

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HONG KONG, Jan 22 (Reuters) – Geopolitical tensions were sky-high in 2025, and U.S. President Donald Trump’s recent military actions in Venezuela and bid for Greenland suggest the international temperature won’t be dropping any time soon. One surprising market winner from all this could be Asian defence firms. Defence expenditures are rising across the world. NATO countries committed in June to spend 2.8% of their gross domestic product on defence in 2026, increasing that to 5% by 2035. Key member Germany has an interim target of 3.5% of GDP by 2029. Japan is also planning to double defence spending to…