Benchmark Tokyo rubber futures hit the highest in nearly four years on Thursday, helped by a jump in Shanghai futures and as investors stepped up buying on hopes that US President Donald Trump's policies to drive local economy will boost commodity demand.
The Tokyo Commodity Exchange (TOCOM) rubber contract for new July delivery finished at 312.6 yen ($2.75) per kg, up 3.6 yen, or 1.2 percent, from an opening price of 309.0 yen. It touched the highest since February 20, 2013 of 312.6 yen earlier in the session.
The most-active rubber contract on the Shanghai futures exchange for May delivery surged 1,240 yuan to finish at 21,475 yuan ($3,121.37) per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 219.5 US cents per kg, down 1.4 cent.
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