* Japanese rubber futures saw its biggest slide since Apr. 6
on
Monday, tracking an almost 3% decline in the Shanghai market,
while softer crude prices dragged sentiment further.
* The Osaka Exchange (OSE) rubber contract for September
delivery was down 4.0 yen, or 1.9%, at 206.0 yen
($1.54) per kg as of 0200 GMT, dipping for a second consecutive
session.
* The rubber contract on the Shanghai futures exchange
(SHFE) for
September delivery was down 320 yuan, or 2.7%, at 11,660
yuan ($1,690.57) per tonne.
* Rubber inventories in warehouses monitored by the Shanghai
Futures Exchange fell 0.9 % from a week earlier, the exchange
said on Friday.
* Japan's benchmark Nikkei average opened up 0.24%.
* China stocks slumped on Friday, logging the biggest daily
decline since last November's rally driven by optimism over the
easing of COVID restrictions, as uneven Chinese economic
recovery dented investor sentiment.
* U.S. Federal Reserve officials remain set to raise
interest
rates at their May 2-3 meeting but key data between now and then
may shape how they weight the risks facing the U.S. economy and
whether they decide to pause further increases.
* Oil prices slipped on Monday as concerns about rising
interest
rates, the global economy and the outlook for fuel demand
outweighed support from the prospect of tighter supplies on
OPEC+ supply cuts.
* Lower oil prices incentivise manufacturers to shift
towards
synthetic rubber derived from oil, weighing on the natural
rubber market.
* Asian shares started cautiously on Monday in a week packed
with
economic data and central bank meetings, along with earnings
from the tech giants that have kept the S&P 500 afloat so far
this year.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 135.0 U.S.
cents per kg, down 1.2%.
($1 = 134.1400 yen)
($1 = 6.8971 yuan)
(Reporting by Carman Chew; Editing by Sonia Cheema)
SINGAPORE, April 24 (Reuters) -
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