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A man looks up to the board at the Australian Securities Exchange (ASX) in Melbourne October 8, 2008. (Mick Tsikas/Reuters)Reuters - The sell-off in Asian stocks accelerated after a devastating day on Wall Street and Hong Kong became the latest economy to slash interest rates as pressure grew for a coordinated, global response to the biggest financial crisis since the Great Depression.


Business men look at an electric stock market board in Tokyo, Wednesday, Oct. 8, 2008. The Nikkei index has lost 323.68 points to 9,832.22 at one point in the morning session on Wednesday. The Japanese index on Tuesday closed at the lowest level in almost five years amid deepening uncertainty over the course of the financial crisis. (AP Photo/Katsumi Kasahara)AP - Asian stock markets tumbled Wednesday, with Japan's Nikkei index sinking nearly 10 percent, as recent steps by the world's major economies to fortify credit markets failed to stem fears that the spreading financial crisis could spawn a global recession.


U.S. Democratic presidential nominee Senator Barack Obama (D-IL) (L) answers a question during his debate with Republican presidential nominee Senator John McCain (R-AZ) at Belmont University in Nashville, Tennessee October 7, 2008. REUTERS/Jim Young  (UNITED STATES)   US PRESIDENTIAL ELECTION CAMPAIGN 2008 (USA)AP - Republican John McCain expressed incredulity in the presidential debate Tuesday that Democrat Barack Obama would tip off the enemy by saying publicly that he'd attack al-Qaida in Pakistan under certain conditions. "Remarkable," McCain said during the presidential debate, meaning remarkably irresponsible.


Democratic presidential candidate Sen. Barack Obama, D-Ill., talks as Republican presidential candidate Sen. John McCain, R-Ariz., walks during the second presidential debate at the Curb Center at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008.(AP Photo/Alex Brandon)AP - Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for sweeping action by the government to directly shield many homeowners from mortgage foreclosure.


Democratic presidential candidate Sen. Barack Obama, D-Ill., left, speaks as Republican presidential candidate Sen. John McCain, R-Ariz., listens during a townhall-style presidential debate at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008. (AP Photo/Mark Humphrey)AP - Barack Obama made strides toward easing voters' concerns about his candidacy in Tuesday night's debate. John McCain, despite raising pointed questions about his rival's readiness, didn't create the game-changing moment he'll need between now and Election Day.