TOKYO: Japanese rubber futures fell more than 3% on Monday, hit by rising coronavirus infections as the world awaits vaccines to end the Covid-19 pandemic. Osaka Exchange's rubber contract for May delivery finished 8 yen, or 3.1%, lower at 247.1 yen per kg.
The rubber contract on the Shanghai futures exchange for May delivery dropped 0.4% to end the day at 14,940 yuan per tonne. Individual US states scrambled on Sunday to impose lockdowns to stem coronavirus spikes amid a lack of national leadership on how to curb infections until vaccines are widely available in the spring.
In Japan, support for Prime Minister Yoshihide Suga has fallen over his handling of the pandemic, while the UK prepared to become the first country to roll out a COVID-19 vaccine this week.
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