Asian Rubber Futures End Lower
Asian rubber futures largely ended the session lower as concerns about the outlook for the Chinese economy continued to weigh on rubber prices and other markets.
China shares finished lower in tumultuous trading Monday, as weak data on Chinese factory output pulled prices down despite apparent efforts by Beijing to prop them up. On Sunday, data showed China's factory output and fixed-asset investment were both weaker than expected in August, underlining the challenges Beijing faces in pushing the economy to reach its full-year economic-growth target of about 7%.
Rubber prices were supported early in trading due to investors looking to cover short positions but sentiment remains bearish, according to a Singapore-based trader.
The December Tocom benchmark rubber contract ended the night session down Y2.0 at Y174.4 a kilogram, which is considered part of the next day of trading.
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