Tokyo rubber climbs 0.9% on tech rebound
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Tokyo rubber futures reversed an early slide to rise 0.9 per cent by the close on Thursday in a technical rebound from a three-day losing streak in which the benchmark contract had fallen 5 per cent. The key Tokyo Commodity Exchange rubber contract for December delivery ended up ¥2.9 at ¥332.1 a kg. Other contracts were also higher, up ¥3.2 to ¥4.1. The December contract touched a six-week intraday low of ¥326.7 on Wednesday as investors stepped up selling to limit losses after a large drop in oil prices.
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Source : Business Line |
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