Tocom RSS3 rubber futures rise 5.9% to a three-week high amid optimism brought about by a weak yen and market-positive developments when Japanese markets were closed Friday and Monday for public holidays–such as a European Central Bank policy decision and U.S. jobs data.
Shanghai rubber opened positive but quickly fell negative, which may limit Tocom gains, says a Bangkok-based trader. Benchmark October rubber trades Y13.7 higher at Y267.2/kg, off the intraday high of Y268.4/kg.
Source: Dow Jones
