China's stock market is certainly keeping investors on their toes.
After surprising everyone on Friday by opening higher, the market quickly began to bounce around between positive and negative territory.
Other Asian markets seemed to take the volatility in stride, however, and were mostly higher in early Friday trading.
China's tentative recovery followed a tumultuous day on Thursday, when stocks plummeted 7% at the opening, forcing regulators to quickly shut the market for the rest of the day. The meltdown triggered a massive selloff in global markets, including the U.S.
By Thursday's close, both the Dow Jones Industrial Average and Nasdaq had entered correction territory, being down at least 10% from their most recent highs.
The S&P 500, which fell 2.2% on Thursday and is down nearly 5% for the week, is almost there. It's off 9% from its May high.
Whatever happens overnight in Asia, U.S. investors will be anxiously watching the results when they wake up Friday morning. Even a positive U.S. jobs report at 8:30 am Friday may not be enough to calm the markets.
"While we do seem to be the best of the major economies, we're still pretty shaky and so anything that calls the global recovery into question filters right back into the U.S.," explained Chris Gaffney, senior market strategist for EverBank Wealth Management.
The state of China's economy has darkened trading so far this year as officials devalue the yuan to stimulate the manufacturing sector by making exports cheaper.