Commodities are on track for their worst day since November as a steep sell off in China’s stock market takes a toll on investors outlook for raw-materials demand. The S&P GSCI, an index that tracks a broad basket of commodities, was recently down 4.3% at 415.42 with oil and copper futures leading the declines. The losses come after China’s government halted new companies from selling shares to the public and announced plans to establish a fund to stabilize the country’s stock market over the weekend. The Shanghai Composite has lost more than a quarter of its value since setting a high on June 12. China’s crumbling stock market is another symptom of the transformation that is underway in the country’s economy. Beijing spent years tightening access to credit and cutting government spending in an effort to reform China’s economy away from export-led growth to internally-driven demand. But China’s economy […]