Benchmark Tokyo rubber futures rose to a one-week high on Wednesday, lifted by bargain hunting as investors in Shanghai returned from a week-long holiday with positive sentiment. The Tokyo Commodity Exchange rubber contract for March delivery finished up 1.7 yen at 181.1 yen ($1.6759) per kg, its highest closing since September 30.
The most-active rubber contract on the Shanghai futures exchange for January delivery rose 180 yuan to finish at 12,580 yuan ($2,049.36) per tonne. It tumbled more than 3 percent in early trade before quickly recovering losses. The front-month rubber contract on Singapore's SICOM exchange for November delivery last traded at 145.0 US cents per kg, up 3.1 cent.
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