Stocks and commodities recovered slightly, but the gains were limited amid fears of an escalation in the U.S.-China trade war, sources said.
“The markets had some time to digest the latest trade war developments and are poised to begin consolidation,” said Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management.
The most active rubber contract on the Shanghai futures exchange for September delivery rose 60 yuan to finish at 10,355 yuan (US$1,554) per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for August delivery last traded at 130.3 U.S. cents per kg, up 0.6 cent.
(US$1 = 112.3000 yen)
(US$1 = 6.6633 Chinese yuan)