Benchmark TOCOM rubber futures rose on Wednesday, inching away from a 3-1/2-month low hit the previous day on an overnight gain in Shanghai futures and as investors looked for bargains.
FUNDAMENTALS
* The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery was up 0.8 yen, or 0.4 percent, at 196.4 yen ($1.75) per kg as of 0042 GMT. It touched its lowest since July 6 at 193.5 yen on Tuesday.
* The most-active rubber contract on the Shanghai futures exchange, for January delivery, rose 115 yuan to 13,565 yuan ($2,048) per tonne in overnight trade.
MARKET NEWS
* Japan's benchmark Nikkei stock average crept higher on Wednesday after rising for an 11th straight day and ending at the highest level since late-1996 the previous day.
* The U.S. dollar was steady on the yen at around 112.20 yen early on Wednesday.
* Oil prices ended little changed on Tuesday, steadying after earlier gains and losses, as expectations of high U.S. production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country's crude output
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