Tokyo rubber rises on June 19

Tokyo Commodity Exchange (TOCOM) futures rose on Wednesday amid renewed hopes for a trade deal between China and the United States, despite losses in Shanghai futures.

The benchmark TOCOM rubber contract for November delivery finished 2.7 yen ($0.0249) higher at 202.7 yen per kg.

The most-active rubber contract on the Shanghai futures exchange for September delivery fell 65 yuan ($9.42) to finish at 11,740 yuan per tonne.

TOCOM's technically specified rubber (TSR) 20 futures contract for December delivery closed up 1.2 yen at 163.4 yen per kg.

The front-month rubber contract on Singapore's SICOM exchange for July delivery last traded at 149.3 US cents per kg, down 1.3%.

China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets on hopes that an escalating trade war between the two countries would abate.

The US dollar was quoted around 108.38 yen, compared with around 108.44 yen on Tuesday afternoon

Oil prices extended gains into a second session on Wednesday, buoyed by renewed hopes for a US-China trade deal and potential economic stimulus from the European Central Bank (ECB). Japan's benchmark Nikkei stock average was up 1.72%.