* Japanese rubber futures extended losses for a third day on
Thursday, as spread traders adjusted their positions following
poor economic performance from U.S. and China.
* Osaka Exchange's rubber contract for October delivery finished 1.6 yen, or 0.8%, lower at 209.5 yen ($1.55)
per kg.
* The rubber contract on the Shanghai futures exchange for
September delivery rose 15 yuan to finish at 12,160 yuan
($1,759.23) per tonne.
* Japan's benchmark Nikkei average closed up 0.02%.
* Japanese rubber is falling as spread traders are
taking
positions, said a Singapore-based trader, adding that actual
demand is weak now that wintering for rubber trees is over, so
more volume will be out by early June.
* China's consumer prices rose at a slower pace and missed
expectations in April, while factory gate deflation deepened,
data showed on Thursday, suggesting more stimulus may be needed
to boost a patchy post-COVID economic recovery.
* Most Japanese shares fell on Thursday as investors pulled
back
after recent gains and took stock of a mixed bag of corporate
earnings ahead of a high-profile Group of Seven nations meeting.
* Group of Seven (G7) finance leaders on Thursday
opened
three days of meetings in Japan and will seek to diversify
supply chains away from China - though a standoff over raising
the U.S. debt ceiling overshadowed the meeting.
* Still, the annual increase in U.S. consumer prices slowed
to
below 5% in April for the first time in two years, while a key
inflation measure monitored by the Federal Reserve subsided,
potentially providing cover for the central bank to pause
further interest rate hikes next month.
* The front-month rubber contract on Singapore Exchange's
SICOM
platform for June delivery last traded at 136.0 U.S.
cents per kg, down 1.2%.
($1 = 135.0500 yen)
($1 = 6.9121 yuan)
(Reporting by Carman Chew; editing by Uttaresh Venkateshwaran)
For other physical rubber prices in Thailand, click on . For more details on Indonesian and Malaysian prices click on and .
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