Slump in Miners Drags U.K. Stocks Lower, With Glencore Down 7.7%

U.K. stocks fell for the third time in four days, heading for their lowest level in almost a month.

Glencore Plc sank 7.7 percent, while Anglo American Plc and Antofagasta Plc lost more than 5 percent. A gauge tracking the nation’s miners is heading for its lowest close since 2009 as commodities fell.

The FTSE 100 Index dropped 1.4 percent at 9:16 a.m. in London. The broader FTSE All-Share Index declined 1.3 percent, and Ireland’s ISEQ Index also slid 1.4 percent.

Shire Plc, GlaxoSmithKline Plc and AstraZeneca Plc lost more than 2.8 percent after Hillary Clinton said she will propose price caps and R&D spending guidelines today.

RSA Insurance Group Plc added 1.6 percent, rebounding from yesterday’s 21 percent plunge. Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its offer.

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