By Lucy Craymer
Asian rubber prices ended largely higher with the benchmark rubber futures contract on the Tokyo Commodity Exchange closing at its highest level since February 2013.
The moves came as equities across the region were largely higher. The Nikkei Stock Average closed 0.3% higher, while Australia's S&P/ASX 200 closed up 0.8%. Bank stocks were among the day's winners, as the post-election increase in expectations around rising U.S. interest rates following President Donald Trump's surprise win boosted the so-called Trump trade.
The Tokyo rubber futures contract was supported by a strengthening in the U.S. dollar against the Japanese yen, which made the yen-denominated rubber futures contractnominally cheaper.
Asian Rubber Futures
Jan 27 Change from previous close
Tocom Jul RSS3 Y331.3/Kg Up Y18.7/Kg
Shanghai May SCR5 Closed
Sicom Feb RSS3 US 282.0 cents/Kg Unchanged
Sicom Feb TSR20 US 223.7 cents/Kg Unchanged
USS Jan THB88.77-THB90.09/Kg THB86.26-THB87.41/Kg
Write to Lucy Craymer at email@example.com, @lucy_craymer
(END) Dow Jones Newswires
January 27, 2017 05:35 ET (10:35 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.