TOKYO: Japanese rubber futures rose on Monday, tracking Shanghai's market higher, following optimism around a Covid-19 vaccine.
Osaka Exchange's rubber contract for January delivery finished yen 1, or 0.5%, higher at 176.5 yen per kg.
The rubber contract on the Shanghai futures exchange for January delivery rose 0.7% to finish at 12,475 yuan per tonne.
Chinese vaccine specialist CanSino Biologics Inc won a patent approval from Beijing for its Covid-19 vaccine candidate Ad5-nCOV, state media reported, citing documents from the country's intellectual property regulator.
Traders ignored a widely expected collapse in economic growth in Japan, when the government said on Monday that the world's third-biggest economy was hit by its biggest economic slump on record in the second quarter.
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