TOKYO, May 25 (Reuters) –
* The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery rose on Monday, helped by a softer yen against the U.S. dollar, but weaker oil markets and mounting U.S.-China tensions limited gains.
* The benchmark was up 1.5 yen, or 1.0%, at 153.0 yen ($1.42) per kg, as of 0041 GMT.
* The U.S. dollar was quoted around 107.75 yen on Monday, compared with 107.46 yen in late Asia trade on Friday. A weaker yen makes yen-denominated assets more affordable when purchased in other currencies.
* Stronger equities in Tokyo also lent support to investors’ sentiment. Japan’s benchmark Nikkei stock average gained 1.5% on hopes that the government will decide to lift state of emergency measures in remaining places, including the Tokyo metropolitan area.
* China’s move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
* The front-month rubber contract on Singapore’s SICOM exchange for June delivery was at 109.2 U.S. cents per kg on Monday, down 1.9% from the previous session.
* Rubber inventories in warehouses monitored by the Shanghai Futures Exchange unchanged, the exchange said on Friday.
($1 = 7.1269 Chinese yuan)