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Glencore's Hong Kong shares down 2.8 percent on trading debut


    HONG KONG (Reuters) - Shares in Glencore International Plc fell 2.8 percent ahead of their Hong Kong trading debut on Wednesday, tracking a lower start in London the previous day.

    By 0121 GMT (9:21 p.m. EDT), Glencore shares were trading at HK$64.65 compared with the offer price of HK$66.53 each. Last week, Glencore raised $10 billion through a London and Hong Kong initial public offering, giving the Swiss commodities trader the firepower for acquisitions.

    Glencore's London-listed shares were stuck under water on their first day on Tuesday, dashing hopes of a strong start after it set a mid-range flotation price for London's largest-ever offering.

    (Reporting by Denny Thomas and Elzio Barreto; Editing by Chris Lewis)