Tokyo rubber futures extend gains as oil prices rise

TOKYO, Sept 26 (Reuters) – Benchmark TOCOM rubber futures extended gains into a fourth session on Monday, buoyed by climbing oil prices.

FUNDAMENTALS

The Tokyo Commodity Exchange rubber contract for February delivery JRUc6 0#2JRU: had risen 1.3 yen to 170.3 yen per kg by 0050 GMT, after settling up 0.6 yen on Friday.It was trading near a four-month high hit on Friday.

MARKET NEWS

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The U.S. dollar was quoted around 100.75 yen JPY= , compared with around 100.90 yen on Friday afternoon. USD/

Japan’s benchmark Nikkei stock average .N225 was down 0.5 percent.

U.S.oil prices rose about 1 percent on Monday, paring a 4-percent tumble on Friday.

DATA/EVENTS (GMT)

The following data is expected on Monday: (Time in GMT)

1400 U.S. New Home Sales Aug

1430 U.S. Dallas Fed Mfg Bus Idx Sept

(Reporting by Osamu Tsukimori; Editing by Joseph Radford)