During the weekend China made clear that in the war US alliance -Syria-Russia and Iran, it stands with Russia.
In the UN China said, correctly, that the US violated the UN Charter and International rules (Chinese foreign ministry).
On the Global Times (the official Politburo publication) it went further declared that the US is irresponsible in provoking and scalding a global nuclear power like Russia.
As last scary word say “Western countries continue bullying Russia but are seemingly not afraid of its possible counterattack. Their arrogance breeds risk and danger”.
It does not saying clear, but in a war they will side with Russia. And as the Chinese does not like making empty threats – at the same time of Trump’s escalation a massive Chinese fleet was exercising just off Taiwan.
In the West, the only voice of restrain were from Germany and Italy. The President of Germany clearly expressed concern about the posture of the West versus Russia. And Germany knows all too well what the wrath of Russia looks alike.
The market took the attack on its stride as one more mission accomplished.
I can tell you if Trump fires General Mattis, things will change and you will not be worried about the market at all.