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Markets

TOCOM falls on weak Shanghai futures

Published Updated

BEIJING: * Tokyo Commodity Exchange (TOCOM) futures fell on Thursday, tracking weak Shanghai futures, even as oil prices surged after a suspected tanker attack near Iran

* The benchmark TOCOM rubber contract for November delivery

finished 0.3 yen ($0.0028) lower at 204.6 yen per kg

* The most-active rubber contract on the Shanghai futures exchange for September delivery fell 35 yuan  ($5.06) to finish at 12,260 yuan per tonne.

* The U.S. dollar was quoted around 108.32 yen, compared with around 108.49 yen on Wednesday afternoon

* Oil prices surged on Thursday after a unit of the United Kingdom's Royal Navy said it was aware of an incident involving a tanker in the Gulf of Oman near the Iranian coast

* Japan's benchmark Nikkei stock average was down 0.46%

* TOCOM's technically specified rubber (TSR) 20 futures contract for December delivery closed down 0.5 yen at 164.8 yen per kg

* The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 154.3 U.S. cents per kg, down 0.2%

Copyright Reuters, 2019

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