SYDNEY, Sept 29 (Reuters) - Australian shares are set to join the global equities slump on Tuesday, dragged down by the major miners on worries about China's slowing growth as well as sliding metals and oil prices.
Top global miner BHP Billiton (LONDON:BLT) BHP.AX , the market's fifth biggest stock, is set to fall more than 5 percent after rival mining and trading company Glencore GLEN.L lost almost a third of its value on debt concerns. ID:nL5N11T43H
Local share price index futures YAPcm1 fell 2 percent to 5,002.0, a 111.5-point discount to the underyling S&P/ASX 200 index .AXJO close. The benchmark rose 1.4 percent on Monday defying weakness across Asia.
New Zealand's benchmark NZX 50 index .NZ50 fell 0.9 percent to 5,649.3 in early trade.
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