SHANGHAI (Reuters) - Chinese stocks on Monday handed back their gains from a bounce late last week as worries mount ahead of a U.S. move to impose $34 billion of tariffs on Chinese exports.

Oil prices surged to multiyear highs for a second straight session Thursday as investors anticipate a tightening market with more declines in inventories due to robust global demand and production or export disruptions in various nations.

TOKYO (Reuters) - The dollar held firm versus the yen on Friday, supported by quarter-end buying as well as an absence of any fresh escalation in trade-related tensions between the United States and its major trading partners.

A tyre dealers’ federation has sought a cut in import duty of truck/bus radial tyres to 10%, against 15% now, and also rationalisation of anti-dumping duty.

The world consumption of natural rubber increased by 6.2%, year-over-year, to 5.822 million tonnes during the period from January to May 2018. During the same period, the world supply rose 7.7%, year-over-year, to 5.252 million tonnes.  These figures reveal that the production has fallen short of the consumption by 570,000 tonnes during the first five months of the current year.