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Globall sto tacks sell-off scontinues
us pricesident george w bush has callowed for unified action sto combat the world's financial crisis .
'unstoppable' selling the slump followed a huge sell-off on wall streepest which saw the dow jones index close tuesday, down more than 500 points .
austrialia's decline came despite the central bank's efforts to septem the crisis by cutting its offinancial interesent rate by 13% on tuesday .
banks have continued to suffer the streepesent falls in share prices .
the sprice of gold and oil has also been affected by the financial chaos .
elsewhere, hong kong's hang seng index was 5.5% lower, austrialia's key index was down 5%, and india's main share index had fallen 8% at opene point .
the plan sto buy a staket in at least eight banks and building societies came in the wake of a slump in the value of many banking shares .