Australian Markets Likely Hoping for a TACO Moment -- Market Talk

Dow Jones03-23

0214 GMT - Australian market are down another 1.5% in early trading with the S&P/ASX 200 getting nearer to 10% correction territory. Given the seriousness of the events in the Middle East, it's perhaps surprising equity markets have not fallen harder in recent weeks, says David Bassanese, chief economist at Betashares. That's likely because investors have been hoping Trump would end hostilities at any given moment. So far, that's not been the case, and sadly there may come more market pain before a Trump TACO moment might arrive, he adds. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

March 22, 2026 22:14 ET (02:14 GMT)

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