By Vibhuti Agarwal
Rubber prices in Asian markets ended stronger Monday, aided by the yen's weakness against the U.S. dollar and gains in Shanghai rubber futures.
Tokyo shares also rose as worries about the U.S. election cooled slightly, which lifted investor sentiment, said Kaname Gokon, an analyst at Okato Shoji brokerage in Tokyo. The benchmark Nikkei Stock Average ended up 1.6% at 17177.21.
The Tokyo Commodity Exchange rubber contract for April delivery rose 9.3 yen to close at 187.1 yen per kilogram.
The most-active rubber contract on the Shanghai futures exchange for January delivery rose 320 yuan to finish at 14,260 yuan ($2,095) per ton.
Asian Rubber Futures
Nov 07 Changefrom previous close
Tocom Apr RSS3 Y187.1/Kg Up Y9.3
Shanghai Jan SCR5 CNY14,260/ton Up CNY320
Sicom Dec RSS3 176.3 US cents/Kg Up 2.4 US cents/Kg
Sicom Feb TSR20 155.8 US cents/Kg Up 5.7 US cents/Kg
USS Nov THB54.75-THB55.09/Kg THB54.16-THB54.69/Kg
By Vibhuti Agarwal at firstname.lastname@example.org
(END) Dow Jones Newswires
November 07, 2016 05:55 ET (10:55 GMT)
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