Rubber rises

Benchmark Tokyo rubber futures rose on Friday, closing at their highest level in three months, helped by a firmer Shanghai futures and fresh buys from some funds. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 2.6 yen, or 1.2 percent, higher at 219.2 yen ($2.00) per kg, the highest close since May 25. The August contract expired at 213.0 yen per kg on Friday. The most-active rubber contract on the Shanghai futures exchange for January delivery rose 245 yuan to finish at 16,720 yuan ($2,509) per tonne.