Tokyo rubber rebounds after 4 sessions of losses

Benchmark Tokyo rubber futures rose on Thursday, recovering from a 10-month low hit in the previous day, as investors booked profits after four consecutive sessions of losses, but nagging worries about China's economy and equities capped the gains.
The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 1.0 yen, or 0.5 percent, higher at 184.6 yen ($1.49) per kg, bouncing back from an earlier low of 182.2 yen. It hit a low of 182.0 yen on Wednesday, the lowest since October 17, 2014.
The TOCOM futures, which set the tone for tyre rubber prices in Southeast Asia, had lost about 26 percent by Wednesday since touching a high of 247.9 yen in early June.