SINGAPORE: Japanese rubber futures snapped a four-session losing streak on Wednesday, supported by stronger oil prices and gains in the Shanghai market as China’s government signalled policy support for the struggling economy.
Osaka Exchange’s rubber contract for January delivery finished up 4.7 yen, or 2.1%, at 228.5 yen ($1.70) a kg. The rubber contract on the Shanghai futures exchange for January delivery rose 210 yuan to finish at 12,890 yuan ($1,903) a tonne. Japan’s benchmark Nikkei share average closed up 1.23%.
Comments
Comments are closed.