* Japanese rubber futures edged lower on Tuesday, as a
firmer yen
made the commodity less affordable for buyers holding other
currencies, while a stronger Shanghai market lent some support.
* The Osaka Exchange's rubber contract for July delivery finished 0.8 yen, or 0.4%, lower at 225.7 yen ($1.71)
per kg.
* The rubber contract on the Shanghai futures exchange for
May
delivery rose 30 yuan to finish at 12,715 yuan ($1,874)
per tonne.
* Japan's benchmark Nikkei share average closed down
0.03%.
* Japanese real wages rose for the first time in nine months
thanks to robust temporary bonuses, but uncertainty remains on
whether pay hikes will continue to sustain Japan's economic
recovery.
* The Japanese yen rose 0.3% to 132.26 per dollar,
but
remained pinned near Monday's one-month low of 132.90.
* "Rubber demand in China has not improved as hoped after
markets
returned from the holiday break, and wider fears of a global
economic slowdown have yet to ease," said a Singapore-based
trader.
* Rubber markets are waiting for signs of a demand pick-up
in top
buyer China following the week-long Lunar New Year holiday, and
after the country lifted its strict COVID-19 curbs at the end of
2022.
* Asian share markets mostly stabilised after steep losses
in the
past 24 hours, while the U.S dollar remained elevated as
investors considered the prospects for interest rates to remain
higher for longer in many developed economies.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for March delivery last traded at 139.2 U.S.
cents per kg, down 0.1%.
($1 = 132.2600 yen)
($1 = 6.7838 yuan)
(Reporting by Matthew Chye; Editing by Subhranshu Sahu)
For other physical rubber prices in Thailand, click on . For more details on Indonesian and Malaysian prices click on and .
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