Benchmark TOCOM rubber futures gained about 1 percent on Friday morning after hitting their lowest in nearly five years in night trading amid worries about oversupply and a slowing economy in top buyer China. The Tokyo Commodity Exchange rubber contract for April delivery had climbed 2.1 yen to 193.2 yen ($1.71) per kg by 0024 GMT, after touching its lowest level since June 26 at 190.2 yen in night trading. TOCOM is set to post a third straight weekly loss. Key Shanghai futures ended overnight trading up 0.1 percent.
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