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Markets

TOCOM falls tracking weak Shanghai futures

Published Updated

BEIJING:* Tokyo Commodity Exchange (TOCOM) futures fell on Thursday in line with weak Shanghai futures

* The benchmark TOCOM rubber contract for November delivery

finished 2.2 yen ($0.0204) lower at 200.5 yen per kg

* The most-active rubber contract on the Shanghai futures exchange for September delivery fell 50 yuan ($7.30) to finish at 11,765 yuan per tonne

* The U.S. dollar was quoted around 107.77 yen, compared with around 108.09 yen on Wednesday afternoon

* Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington

* Japan's benchmark Nikkei stock average was up 0.6%

* TOCOM's technically specified rubber (TSR) 20 futures contract for December delivery closed down 2.8 yen at 160.6 yen per kg

* The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 148.3 U.S. cents per kg, down 0.4%

Copyright Reuters, 2019

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