Tokyo rubber futures rally

TOKYO: Japanese rubber futures extended gains to a fourth session on Wednesday to close at the highest in more than a week, rallying along with other markets, amid optimism over another promising vaccine to end the Covid-19 pandemic.

Osaka Exchange’s rubber contract for April delivery finished up 3.2 yen, or 1.4%, at 138 yen per kg, the highest close since Nov. 16. The rubber contract on the Shanghai futures exchange for January delivery rose 1.5% to finish at 14,735 yuan per tonne.—Reuters