Japanese rubber futures up

SINGAPORE: Japanese rubber futures snapped a four-session losing streak on Tuesday, tracking gains in the Shanghai market and stronger domestic equities, despite weak manufacturing activity weighing on sentiment.

The Osaka Exchange rubber contract for April delivery was up 2.1 yen, or 1%, at 211.1 yen ($1.42) per kg, as of 0200 GMT. The rubber contract on the Shanghai futures exchange for January delivery was up 325 yuan, or 2.8%, at 12,025 yuan ($1,642) per tonne. Japan’s benchmark Nikkei share average opened up 0.10%.

Japan’s manufacturing activity grew at its slowest pace in 21 months in October on marked drop in output and overall new orders, as exports were partly hurt by worsening conditions in China and South Korea.