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Markets

TOCOM falls but posts weekly gain on China optimism

Published Updated

TOKYO:* Tokyo Commodity Exchange (TOCOM) rubber futures fell on Friday but posted a weekly gain as optimism mounted over economic growth in China, the biggest buyer of the commodity, and progress on U.S.-Chinese trade talks

* The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery  finished 1.6 yen, or 0.9 percent, lower at 184.7 yen per kg.

* The U.S. dollar was quoted around 111.67 yen, compared with around 111.65 yen on Thursday afternoon

* Oil prices were down with Brent falling 0.3 percent and U.S. crude off by 0.2 percent

* Japan's benchmark Nikkei stock average ended the day 0.4 percent higher

* TOCOM's technically specified rubber (TSR) 20 futures contract for October delivery closed down 1.3 yen at 167.2 yen per kg

* The front-month rubber contract on Singapore's SICOM exchange for May delivery recently traded at 149 U.S. cents per kg, down 0.1 percent.

* The Shanghai Futures exchange was closed on Friday for the Tomb Sweeping Day holiday.

Copyright Reuters, 2019

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