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Tocom tracks stronger Shanghai futures, ends higher

Tokyo Commodity Exchange (TOCOM) futures tracked strength in Shanghai futures and closed higher on Monday. The exchange's rubber contract for May delivery finished up 1.2 yen ($0.0110) at 200.1 yen per kg.

The most-active rubber contract on the Shanghai futures exchange, for May delivery, rose 125 yuan ($17.90) to end at 12,985 yuan per tonne. China's new technically specified rubber (TSR) 20 futures contract was last up 80 yuan at 10,755 yuan per tonne.

The US dollar was quoted around 109.16 yen, compared with around 109.41 yen on Friday afternoon. Oil prices traded at three-month highs, underpinned by optimism over an expected U.S-China trade deal, while traders kept a close eye on the Middle East following a US air strike.

Japan's benchmark Nikkei stock average shed 0.76%. The front-month rubber contract on Singapore's SICOM exchange for January delivery last traded at 143.5 US cents per kg, up 0.2%.

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