Tokyo rubber rises

Tokyo Commodity Exchange (TOCOM) futures rose for a second day, closing at a two-month high, as they tracked Shanghai prices, with market sentiment holding firm after a decline in coronavirus cases in China.

TOCOM's rubber contract for October delivery finished 1.2 yen, or 0.8%, higher at 154.9 yen per kg, the highest close since March 18.

The rubber contract on the Shanghai futures exchange for September delivery rose 0.5% to finish at 10,420 yuan per tonne.

The Shanghai Futures Exchange is seeking to recruit market makers for five listed futures products, including rubber, to boost liquidity in the contracts.