* Japanese rubber futures snapped a four-session rally on
Tuesday,
as disappointing Asian economic data weighed on investor
sentiment, although a strong Shanghai market capped losses.
* Osaka Exchange's rubber contract for October delivery finished 1.6 yen, or 0.8 %, lower at 212.0 yen ($1.57)
per kg.
* The rubber contract on the Shanghai futures exchange for
September delivery climbed 105 yuan to finish at 12,010
yuan ($1,737.53) per tonne.
* Japan's benchmark Nikkei average closed up 1.01%.
* The Shanghai market went up due to rumours of
China
doing reserve stockpiling but there are no official
announcements yet to confirm this, so prices are being dragged
by oversupply concerns for now, said a Singapore-based trader.
* China's imports contracted sharply in April, while exports
grew
at a slower pace, reinforcing signs of feeble domestic demand
despite the lifting of COVID curbs and heaping pressure on an
economy already struggling in the face of cooling global growth.
* Japan's consumer spending unexpectedly fell in March at
the
fastest rate in a year, while real wages declined for a 12th
straight month on persistent inflation.
* Finance leaders of the Group of Seven (G7) advanced
economies
will discuss this week ways to strengthen the global financial
system, Japanese Finance Minister Shunichi Suzuki said.
* Oil prices fell on Tuesday, relinquishing some of the
strong
gains in the previous two sessions while the market remained
cautious ahead of U.S. inflation figures for April, which will
be key to the Federal Reserve's next interest rate decision.
* Lower oil prices incentivise manufacturers to shift to
rival
synthetic rubber derived from oil, pressuring the natural rubber
market.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for June delivery last traded at 139.0 U.S.
cents per kg, down 0.1%.
($1 = 135.0500 yen)
($1 = 6.9121 yuan)
(Reporting by Carman Chew; editing by Uttaresh Venkateshwaran)
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