GLOBAL MARKETS-Selling frenzy persists as confidence crumbles (at Reuters)

Panic selling hits U.S., European, Asia bourses * MSCI world equity index sees five-year low * Dash for cash even hits government bonds * Dollar rises on scramble for hard currency (Recasts lead, updates prices) By Pedro Nicolaci da Costa NEW YORK, Oct 10 (Reuters) - Global stocks dove head first to five-year lows on Friday at the end of a brutal week as even the traditional safe-havens of gold and government bonds suffered as fear-stricken investors sought refuge in... [read full story]