Rubber rises

Benchmark Tokyo rubber futures rose for a third straight day on Wednesday, hitting an over-three-month high, as the continuing rally in Shanghai futures raised risk appetite among investors in Tokyo, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for February delivery finished 4.9 yen, or 2.1 percent, higher at 233.5 yen ($2.15) per kg, after hitting the highest since May 24 of 234.7 yen earlier in the session. The most-active rubber contract on the Shanghai futures exchange for January delivery rose 300 yuan to finish at 17,570 yuan ($2,692) per tonne. It earlier climbed to as high as 17,840 yuan, marking the highest since March 22.