Benchmark Tokyo rubber futures ended 4 percent higher on Wednesday, as Japanese equities posted their biggest one-day gain since the height of the global financial crisis in 2008 and the yen weakened against the dollar. The Tokyo Commodity Exchange rubber contract for February delivery finished 6.7 yen higher at 174.3 yen per kg after hitting a more than one-week high of 175.4 yen in early morning trade.
The benchmark contract has rebounded 7.1 percent after plunging to 162.7 yen on Monday, the lowest since July 16, 2009. The most-active rubber contract on the Shanghai futures exchange for January delivery rose 165 yuan to finish at 11,625 yuan per tonne. The front-month rubber contract on Singapore's SICOM exchange for October delivery last traded at 126 US cents per kg, up 1 cent.