Benchmark Tokyo rubber futures slid on Wednesday amid a broad selloff in commodities after the United States threatened to levy new tariffs on China, deepening trade tensions that could depress global economic growth. The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery finished 1.2 yen lower at 172.0 yen ($1.55) per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 75 yuan to finish at 10,315 yuan ($1,549) per tonne. The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 130.3 US cents per kg, down 1.4 cents.
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