Tuesday, September 29, 2015

STI down as Glencore fallout hits commodities firms

The Straits Times Index fell 1.6% to 2,745.99 at 9.39am as overnight US losses dragged down morning trading in Asia.

Commodities company Noble Group fell 12.4% to 39 cents, its lowest since 2008, while agricultural trader Wilmar International slid 3.9% as fears grow about slumping commodities prices as Glencore shares plummeted on fresh concerns.

Croesus Retail Trust fell 1.2% after announcing a rights issue to fund a Japan acquisition.

Ezra Holdings is on a trading halt pending an announcement.

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