More than 3 trillion wiped off world stocks in just over a week
Yen on the charge as risk aversion and rate bets swirl
Commodity markets swoon as China moves fan weakness worries

LONDON, July 25 Reuters Equity markets were locked in a multitrilliondollar tailspin on Thursday as a slump in global tech stocks sent investors fleeing to traditional safe havens like bonds, the yen and Swiss franc.

Wall Street futures were back in the red and Europe39;s main bourses were more than 1 lower as both there, and in Asia, traders reacted to Wednesday39;s worst day for the Nasdaq since 2022, after underwhelming earnings from Alphabet and Tesla.

Chinese stocks, iron ore and oil prices all dropped too after China39;s central bank sprang a surprise cut in longerterm interest rates, only stoking further worries about the world39;s secondlargest economy.

The selloff in world stocks, which now amounts to over 3 trillion dollars over the last six sessions, saw investors ramp up bets on rate cuts globally, with futures implying a 100 chance of a Federal Reserve easing in September.

A spike in market volatility fuelled a vicious squeeze on carry trades which saw the U.S. dollar sink another 0.7 to 152.25 yen on Thursday.

MSCI39;s broadest index of world stocks lost 0.5, while Japan39;s Nikkei tumbled 3.3, exacerbated by an 11 plunge in Nissan Motor after its quarterly profit slumped 99.

Taiwan39;s markets were closed for a second day due to a typhoon.

Chinese bluechips slid 0.6 to a…