Focus: Australia

Focus: Australia

Market Close: Mon, 23 February 2026

Daily Insights

Australian markets edged lower as Prime Minister Albanese considered responses to the US President's announcement of a 15% global tariff on imports, injecting uncertainty into trade-sensitive sectors.

The ASX 300 and S&P/ASX 50 both declined modestly, with materials leading gains on surging commodity prices that bolstered the Australian dollar—prompting asset managers to turn net long on the currency for the first time since late 2024. Information technology lagged sharply, reflecting broader risk aversion, while a fuel retailer's strong refining margins provided a bright spot in energy-related news.

This tariff development underscores potential headwinds for export-reliant industries, but the commodity-driven AUD strength suggests resilience in resource sectors, encouraging investors to monitor rotation opportunities away from vulnerable tech exposures. With equal-weighted sector data showing materials decisively outperforming, portfolios tilted toward cyclical assets may benefit from any escalation in global trade tensions, though defensive positioning remains prudent amid ongoing policy flux.

Swing Trading Ideas (1–4 Weeks) - TEVO Methodology

Today's TEVO shortlist highlights a single high-conviction setup: a Pending Medium-Term Reversal Long on DEXUS (DXS:XASX) in the real estate space, targeting 6.94 with an 86% hit rate, amid broader sector weakness that could signal an opportune entry for contrarian traders.

Q Target Δ% Hit% Dexus/Au (DXS:XASX) ▲ -4.7 ↑ 6.94 +4.4% 86%

TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week.

Market Movements

Market Snapshot

Equities

Close 1D WTD S&P/ASX 300 8,965 -0.6% S&P/ASX 50 INDEX 8,757 -0.7%
Focus: ASX 300

Top Gainers (1-Day)

 Nuix Limited +15.1% Reece Ltd +13.9% Adairs Limited +10.5%

Top Losers (1-Day)

 Megaport Limited -17.5% G8 Education Limited -17.4% Data#3 Limited -14.4%

Sectors (Equal-Weighted)

1D (%)
Materials
-0.39% Utilities Health Care -0.8% Communicatio -1.2% Real Estate -1.4% Energy -1.5% Financials -1.7% Consumer Dis -1.8% Information -2.7%

Ranked by 1-day change

+2.1% Industrials -0.15% Consumer Sta
Key ▲ Medium-T DR ★ Medium-T TopQ ▲ Pending Medium-T DR ★ Pending Medium-T TopQ

Disclaimer: These insights are generated using AI and are provided for informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any security. The content may be incomplete or contain errors and should not be relied upon for investment decisions. Always consult a qualified financial adviser before making financial choices.