TOKYO, May 21 (Reuters) –
* The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery extended gains for a third session to touch a two-month high on Thursday as traders bet on hopes of economic recovery from the coronavirus crisis.
* The rubber contract was up 2.3 yen, or 1.5%, at 157.2 yen per kg by 0123 GMT. The index hit its highest since March 19.
* While cases of coronavirus worldwide have topped 5 million, many countries are re-opening offices and schools following weeks of lockdown to curtail the spread, boosting global equities.
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* Commodities, equities and other markets have also got support from promising early results in initial U.S. vaccine trial on humans.
* The benchmark rubber contract on the Shanghai futures exchange, which generally sets the tone for Tokyo prices, was up by 1.2% at 10,535 yuan per tonne, the highest in more than two months.
(Reporting by Aaron Sheldrick, Editing by Sherry Jacob-Phillips)