Investors are on edge from the war in Ukraine - and now a one-two punch - fresh COVID lockdowns in China.
Shares of multinationals with manufacturing in china took a hit. Apple?s biggest Chinese supplier Foxconn has temporarily closed operations in Shenzhen.
Toyota?s RAV4 production has also skidded to a halt.
China is the worlds largest importer of oil and with fresh lockdowns stalling production, the global oil price dipped below $100 US dollars for the first time since February.
With major shocks for two of the largest economies in the world, investors could be in for a white knuckle ride. At least for now.