Tokyo rubber futures dropped 2.4 percent to their lowest in two weeks on Friday as a rising yen encouraged investors to take stop-loss selling positions, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery was down 6.1 yen to settle at 256.6 yen per kg.
It fell as much as 6.2 yen, or 2.4 percent, to an intra-day low of 256.5 yen, the lowest since October 8. The most-active rubber contract on the Shanghai futures exchange for January delivery was down 690 yuan to finish at 19,405 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for November delivery was last traded at 229.5 US cents per kg, down 2.6 yen.
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