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SINGAPORE: Japanese rubber futures snapped a three-session rally on Wednesday, hit by fading manufacturing optimism amid continued concerns over a global economic slowdown, although losses were capped by gains in the Shanghai market.
Osaka Exchange’s rubber contract for April delivery finished 1.4 yen, or 0.6%, lower at 218.1 yen ($1.50) per kg.
The rubber contract on the Shanghai futures exchange for January delivery rose 105 yuan to finish at 12,615 yuan ($1,741) per tonne.
Japan’s benchmark Nikkei share average closed down 0.56%.