Red day for resources

VOLATILITY was the theme of the day as resource stocks endured a choppy ride with BHP Billiton and Rio Tinto weighing on the market, falls on the Indian stock market, weaker commodity prices and more bad news from the United States taking its toll.

Comments from US Federal Reserve chairman Ben Bernanke that the housing market contraction will be a “significant drag” on US growth did nothing to help already weaker US stocks, with Wall Street