Biz news states all the NON-reasons for the DOW turning down.
But, we here on FR can quickly make a list of what the actual reasons are:
As you said, Turkish lira
Russia’s 175,000 troops and equipment poised on the Ukrainian border for imminent invasion
Daily CCP flights into Taiwan ADIZ, over many months with associated rhetoric
What was a trickle of CEO and congress resignations and COVID, turning now to a steady stream.... could a flood be next?
Evergrande bankruptcy, turn down of Asian and Europe markets
It is all interrelated IMHO too much uncertainty and without 1+ trillion in funny money to keep things rolling I think you will see a flight to safety.