TOKYO: Tocom rubber futures rose for a fourth day and hit a seven-month high on Wednesday, boosted by gains in stocks, which saw the benchmark Nikkei 225 rise above the key 10,000 level for the first time since April.
However, the most-active Tokyo Commodity Exchange rubber contract for May delivery slightly down by 1.1 yen at 286.6 yen per kg at 19.50 JST.
The contract earlier rose as far as 288.5 yen, the highest for any benchmark since May. The benchmark contract has climbed about 11 percent in December.
The Euro hovered at multi-month highs against the dollar and yen on Wednesday, having extended recent gains as tentative signs of progress in U.S. fiscal talks bolstered demand for riskier assets.
U.S. crude futures were steady near $88 a barrel on Wednesday, holding gains made over the past three days.
Source: Rubber Country
