BEIJING: Japanese rubber futures recouped some losses from the previous session on Wednesday in range trading, with weakness in crude futures weighing on the market.
The Osaka Exchange (OSE) rubber contract for October delivery closed up 0.37%, at 326.2 yen per kg. The rubber contract on the Shanghai futures exchange (SHFE) for September delivery was 35 yuan, or 0.24%, lower at 14,835 yuan per metric ton by 0835 GMT. New car sales in the European Union rose 13.7% in April on the year for their biggest jump since last October, Europe’s auto industry body said on Wednesday, after registrations fell in March. The Japanese yen fell 0.19% to 156.44 against the dollar.
Japan’s Nikkei share average closed down 0.85% on Wednesday as investors awaited earnings from Nvidia, while domestic firms’ cautious outlook amid uncertainties about rate and currency moves weighed on sentiment.
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