French President Nicolas Sarkozy said he was confident the fallout from US credit markets would have no long-term effect on growth, while Australia's Prime Minister John Howard said the economy could withstand the shock.
But their words failed to convince stock markets.
They tumbled yet again, wiping tens of billions of dollars off share values in Asia and Europe.
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From London to Hong Kong, Tokyo and Sydney weary traders' screens were awash with red again.
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All eyes were on Wall Street, where markets were to reopen at 1330 GMT, and where on Wednesday anxiety again gripped i