Commodity firms lead decline in global shares

LONDON: The MSCI World Index of stocks fell for the first time in three days, led by commodity companies, the best-performing industry this year. Currencies of raw-material producers weakened.

The World Index of 23 developed nations dropped 0.5 percent at 10:23 am in London, with the commodities group retreating 0.9 percent.

The MSCI Asia Pacific Index slipped 0.5 percent, as did Standard & Poor's 500 Index futures. The Canadian dollar, known as the loonie, and the Australian dollar fell against 14 of their most-traded counterparts.