A big slump in shares of mining and trading company Glencore , which fell almost 30 percent on Monday, also hit global equity and commodity markets, fuelling worries over weak demand from China.
The most active iron ore futures on the Dalian Commodity Exchange dropped to a session-low of 361 yuan ($56.74) a tonne, their cheapest since Aug. 27. They were trading 3-percent lower at 362.5 yuan by the midday break.
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