Tokyo Futures Fall 4 Percent On Falling Stocks, Oil

Tokyo rubber futures fell 4 percent to a one-week low on Tuesday (Mar 29), weighed down by declining stock markets and weaker oil prices, dealers said.
FUNDAMENTAL
The benchmark rubber contract on the Tokyo Commodity Exchange for September delivery fell as low as 16.6 yen, or 4 percent, to the session's low of 392.7 yen ($4.81) per kg.
The most-active Shanghai rubber contract for May delivery fell 355 yuan to 35,010 yuan ($5,333) per tonne by 0101 GMT.
The euro held its ground early in Asia on Tuesday after comments from the head of the European Central Bank bolstered views for an interest rate hike, while a widening interest rate differential helped the dollar higher on the yen.
(Reuters, March 29, 2011)