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Tokyo rubber extends fall on Aug.6

Tokyo Commodity Exchange (TOCOM) futures fell for the eight consecutive session on Tuesday, even as Shanghai rubber rose on technical rebound.

The benchmark TOCOM rubber contract for January delivery finished 0.3 yen ($0.0028) lower at 165.9 yen per kg.

The most-active rubber contract on the Shanghai futures exchange for September delivery rose 345 yuan ($49.04) to finish at 11,555 yuan per tonne.

Tokyo and Shanghai rubber futures have fallen on renewed trade tensions between China and the United States.

TOCOM's technically specified rubber (TSR) 20 futures contract for February delivery closed down 2.4 yen at 142 yen per kg.

The front-month rubber contract on Singapore's SICOM exchange for September delivery last traded at 130.9 US cents per kg, up 1.6%.

The US dollar was quoted around 106.47 yen, compared with around 105.94 yen on Monday afternoon.

Oil prices rose 1% on Tuesday as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to escalating trade tensions between China and the United States.

Japan's benchmark Nikkei stock average was down 0.65%.

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