BANGKOK: Tokyo rubber futures jumped 5% to their highest in almost two weeks in a belated response to optimism stemming from a deal by European leaders to shore up eurozone banks, but prices came off intraday highs as profit-taking set in.
The benchmark rubber contract on the Tokyo Commodity Exchange for December delivery jumped as high as 12 yen to 252.2 yen per kg, the highest since June 20.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
