Japanese rubber futures drop

TOKYO: Japanese rubber futures fell on Monday, tracking losses in the Shanghai market, as many financial markets cautiously awaited the release of key inflation data due later this week.

The Osaka Exchange rubber contract for November delivery was down 2.6 yen, or 1.1%, at 240.6 yen per kg by around 0430 GMT.

Investors across markets are focusing on the US consumer price report on Thursday amid concerns about the risk of rising prices that could push the Federal Reserve to raise interest rates.

The rubber contract on the Shanghai futures exchange for September delivery was down 1% at 13,110 yuan per tonne by around 0500 GMT.