US-China conflict over Taiwan: Why markets may be unprepared for the next big shock - Business Today

This article frames Taiwan conflict as a market-shock risk rather than a driver of imminent kinetic action. While it signals financial-system vulnerability to Taiwan escalation, it does not report new military deployments, PLA capability advances, or diplomatic breakdowns that would make actual kinetic invasion more likely—only that markets are unprepared for the economic fallout IF such a conflict occurs. For Australia, this highlights the indirect economic damage of Taiwan crisis (commodity pricing, trade disruption, financial contagion) which impacts fiscal resilience and decoupling strategy, but does not materially alter the probability of the triggering event itself.