My prediction  is 

If #China annexes #Taiwan, global markets would likely experience:

Panic and Volatility: Immediate drops in stock values, especially tech stocks, with significant declines in indices like the S&P 500.
Supply Chain Disruption: Major economic impact from semiconductor shortages, potentially costing trillions in global GDP.
Currency Fluctuations: Depreciation of the Chinese Yuan, strengthening of the U.S. dollar as a safe-haven.
Capital Flight from China: Leading to liquidity issues.
Long-term Shifts: Diversification of supply chains, increased defense spending, with recovery depending on geopolitical stabilization.