Rubber prices rebounded and climbed almost two percent in trading this morning, Friday (2/23/2018), in line with the rebound Japanese stock exchange.
The price of rubber for delivery in July 2018 at Tokyo Commodity Exchange (Tocom), rose 1.78% or 3.30 points to 188.40 yen per kilogram (kg) at 10:20 pm.
Previously, the July rubber contract price opened up 0.05% or 0.10 points at 185.20 per kg position, having ended in the red zone with a weakening of 0.48% or 0.90 points at 185.10 yen per kg on Thursday trading (22/2).
Meanwhile, Japan's Nikkei 225 index is now up 0.36% or 77.87 points to 21,814.31 at 09.35 WIB. In yesterday's trade, the Nikkei closed down more than 1% in Poisisi 21,736.44.
The Asian bourse is likely to close this week on a positive note as investors continue to debate the prospect of normalizing central bank policies and the impact of higher bond yields.
The MSCI Asia Pacific Index rose along with stock indexes in Tokyo, Hong Kong, Sydney and Seoul in trading this morning. Asian stocks gained support from the S & P 500 index that ended in the green zone in trading yesterday.
On the other hand, today's yen exchange rate was observed to weaken 0.12% or 0.13 points to 106.88 position per US dollar at 1026 GMT, after on Thursday (22/2) ended up 0.96% at 106 , 75.
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