* Japanese rubber futures retreated on Wednesday, on weak
demand
amid recession worries, but concerns of tighter supply from
diseased trees in China limited losses.
* Osaka Exchange's rubber contract for October delivery finished 0.6 yen, or 0.3%, lower at 211.4 yen ($1.58)
per kg.
* The rubber contract on the Shanghai futures exchange for
September delivery fell 35 yuan to finish at 12,005 yuan
($1,734.68) per tonne.
* Japan's benchmark Nikkei average closed 0.71%
lower.
* Rubber futures rose earlier in the session on
reports of
trees being affected by white disease in China, but the market
is still slightly bearish and traders will have to monitor
further, said a Singapore-based trader.
* U.S. consumer confidence dropped to a nine-month low in
April,
further heightening the risk that the economy could fall into
recession this year.
* China stocks fell for a fifth straight session on Tuesday
after
data highlighted an uneven economic recovery, while investors
worried about lingering geopolitical risks.
* Investors were also cautious ahead of the domestic
earnings
season getting into full swing from Thursday and new Bank of
Japan (BOJ) governor Kazuo Ueda's first policy decision on
Friday.
* Still, China's cabinet on Tuesday issued a plan to
stabilise its
vital trade sector, including supporting exports of automobiles
and facilitating visas for overseas businessmen, as subdued
global demand threatens its exports outlook.
* U.S. stock futures bounced as buybacks and earnings beats
boosted tech giants in after-hours trade, and helped the mood in
Hong Kong on Wednesday, however banking nerves kept bonds well
bid and the dollar supported through a cautious Asia session.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for May delivery last traded at 136.9 U.S.
cents per kg, down 1.1%.
($1 = 133.6900 yen)
($1 = 6.9206 yuan)
(Reporting by Carman Chew; Editing by Sohini Goswami)
For other physical rubber prices in Thailand, click on . For more details on Indonesian and Malaysian prices click on and .
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