* Japanese rubber futures extended gains on Wednesday,
tracking a
firmer Shanghai market, although traders remain cautious and
await more cues from financial markets.
* The Osaka Exchange (OSE) rubber contract for September
delivery was up 1.5 yen, or 0.7%, to 206.5 yen ($1.55)
per kg, as of 0211 GMT.
* The rubber contract on the Shanghai futures exchange
(SHFE) for
September delivery rose 50 yuan, or 0.4%, to 11,730 yuan
($1,703.41) per tonne.
* Japan's benchmark Nikkei average opened up 0.22%.
* World Bank Group President David Malpass said on
Monday
that the lender had revised its 2023 global growth outlook
slightly upward to 2% from a January forecast of 1.7%, but the
slowdown from stronger 2022 growth will increase debt distress
for developing countries.
* However, the International Monetary Fund warned on Tuesday
that
lurking financial system vulnerabilities could erupt into a new
crisis and slam global growth this year, but urged member
countries to keep tightening monetary policy to fight
persistently high inflation.
* Finance Minister Shunichi Suzuki said that Japan would
chair a
Group of Seven (G7) financial leaders' meeting on Wednesday in
Washington to discuss the global economy and financial markets,
the strengthening of supply chains, and the Ukraine crisis.
* Asian equities inched lower on Wednesday ahead of a
crucial U.S.
inflation report that will likely influence the Federal
Reserve's monetary policy path, with markets wagering another
hike in interest rates at the central bank's next meeting.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 133.6 U.S.
cents per kg, down 0.4%.
($1 = 133.6000 yen)
($1 = 6.8862 yuan)
(Reporting by Carman Chew; Editing by Sonia Cheema)
SINGAPORE, April 12 (Reuters) -
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