Market News

    Shanghai rubber retreats as investors book profits

    BEIJING, July 26 (Reuters) -

    * Key Shanghai Futures Exchange (SHFE) rubber futures fell on Friday from early gains as investors take profits

    * The most-active rubber contract on the Shanghai futures exchange for September delivery fell 55 yuan ($7.99) to finish at 10,765 yuan per tonne. For the week, Shanghai rubber rose 1%

    * The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished at 183.4 yen ($1.69) per kg

    * The U.S. dollar was quoted around 108.67 yen, compared with around 108.62 yen on Thursday afternoon

    * Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global economic growth outlook amid the U.S.-China trade war capped gains

    * Japan's benchmark Nikkei stock average was down 0.45%

    * TOCOM's technically specified rubber (TSR) 20 futures contract for January delivery closed at 153.3 yen per kg

    * The front-month rubber contract on Singapore's SICOM exchange for August delivery last traded at 140.8 U.S. cents per kg, down 1% ($1 = 6.8799 Chinese yuan) ($1 = 108.6700 yen)

    Source Yahoo News