Tech Stocks Plunge, Dollar Dips
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Stock marketsReuters
•Tech tailspin whacks world stocks, yen roars to 2-1/2-month peak
76% Informative
MSCI 's broadest index of world stocks lost 1% , while Japan 's Nikkei tumbled 3.3% , exacerbated by a 11% plunge in Nissan Motor .
China 's central bank sprang a surprise cut in longer-term interest rates, only stoking further worries about the world's second -largest economy.
The sell-off in stocks saw investors ramp up bets on rate cuts globally, with futures implying a 100% chance of a Federal Reserve easing in September .
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