Here we go, Glencore troubles continue, spread, amplify. A bit like a virus, really.
Bloomberg have a trio of pieces on Glencore and of course none of it notably new news, and none is pretty:
Glencore Slump Continues in Hong Kong After Record London Slide
- Shares in the Zug, Switzerland-based company fell 26.7 percent to HK$9 on the Hong Kong Stock Exchange on Tuesday. That followed an almost 30 percent drop in the commodity trader's London-listed stock on Monday.
Glencore's Trading `Black Box' Leaves Analysts Split on Future
- At Sanford C. Bernstein, price targets published by Paul Gait suggest the Baar, Switzerland-based resource company can rally sevenfold to 450 pence, the top end of predictions tracked by Bloomberg. At the bottom, Nomura Holdings Inc.'s 120-pence forecast implies a market value that is $72 billion lower.
And, a bonus fourth piece: Glencore Gloom Spreads to Australia as Biggest Miners Tumble