Benchmark Tokyo rubber futures rose to a three-week high on Tuesday after weak quarterly economic data in China reinforced market hopes for new stimulus measures, boosting Shanghai stocks and the US dollar against the safe-haven yen. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 2.7 yen, or 1.7 percent, higher at 160.1 yen ($1.36) per kg. It earlier touched a high of 160.5 yen, the highest since December 28, 2015.
The most-active rubber contract on the Shanghai futures exchange for May delivery finished 350 yuan higher at 10,345 yuan ($1,572.67) per tonne, after climbing to as high as 10,400 yuan, the highest in about two weeks. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 108.8 US cents per kg, up 1.2 cent.