By Lucy Craymer
Rubber futures ended the Monday session lower as general negative sentiment continued to hit markets across the board with equities also under pressure.
Anxiety about the pace of global growth sent investors fleeing to safer assets, including the U.S. dollar on Monday, weighing on the likes of Australian shares, which saw their sharpest fall in more than a week. Australia’s S&P/ASX 200 fell 2%, while the Hang Seng Index closed down 0.8%.
Chris Pardey, chief executive of physical trading at RCMA, said that the negative sentiment had weighed on the rubber futures market during the session.
Volumes, however, were light with Japan on holiday until Thursday.
Asian Rubber Futures Sept 20 Change from previous close Tocom Feb RSS3 CLOSED Shanghai Jan SCR5 CNY11,480/Ton Down CNY165 Thai Apr RSS3 THB48.70/Kg Down THB0.70 Sicom Nov RSS3 US 134.5 cents /Kg Down US 0.9 cents Sicom Nov TSR20 US 124.3 cents /Kg Down US 0.4 cents Asian Physical Rubber UNAVAILABLE USS Sep THB42.19-THB43.21/Kg THB43.15-THB43.39/Kg