London (AP)
The selloff comes on the heels of massive losses on Wall Street and Asia. And it comes amid mounting fears that this week's efforts by central banks and governments to break the logjam in credit markets have failed to ease lending rates between banks.
Trading has been suspended for various times in Austria, Russia, Iceland and elsewhere.
Despite the coordinated interest rate reductions announced on Wednesday, the rates banks charge to lend to each other continue to rise.
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