Tokyo Commodity Exchange (TOCOM) futures rose, tracking Shanghai futures, even as uncertainty over ongoing Sino-US trade talks prevailed The benchmark TOCOM rubber contract for October delivery finished 2.6 yen ($0.0237) higher at 186.7 yen per kg. The most-active rubber contract on the Shanghai futures exchange for September delivery rose 15 yuan ($2.20) to finish at 11,775 yuan per tonne.
Tokyo rubber rallied more than 3 percent in early trade as the two sides held talks, before falling down after US tariff rise took effect. TOCOM's technically specified rubber (TSR) 20 futures contract for November delivery closed up 2.3 yen at 162.6 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for June delivery last traded at 148.8 US cents per kg, up 0.5 percent.
The United States increased tariffs on $200 billion worth of Chinese goods on Friday and Beijing said it would strike back, even as the sides pursue talks to try rescuing a trade deal that is close to collapsing. The US dollar quoted around 109.73 yen, compared with around 109.75 yen on Thursday afternoon.