Rubber jumps

Benchmark Tokyo rubber futures ended up 3.9 percent on Thursday, rising along with Shanghai futures, as bargain-hunting ensued with China's stock markets rebounding, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, had fallen nearly 9 percent over the past four sessions amid worries over China's slumping stock markets and the Greek debt crisis.
The Tokyo Commodity Exchange rubber contract for December delivery finished 7.8 yen higher at 209.6 yen per kg. It touched a 2-1/2-month low of 199.4 yen in the night session on Wednesday, which is incorporated into Thursday's trade. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 175 yuan to finish at 12,235 yuan per tonne.