- Japanese rubber futures fell on Tuesday as investors worried about the impact of a suspected cyberattack on a Toyota Motor supplier, while weaker factory data also weighed on sentiment.
- The Osaka Exchange rubber contract for August delivery was down 6.7 yen, or 2.6%, at 256.3 yen ($2.23) per kg at 01:38 GMT. Earlier in the session, the benchmark fell more than 3%, marking its biggest drop since Dec. 9.
- Toyota Motor Corp (7203.T) said it would suspend operations at the nationwide plant on Tuesday, losing around 13,000 production cars, after a supplier of plastic parts and electronic components was hit by a cyberattack presumed. Read more
- Growth in manufacturing activity in Japan slowed to a five-month low in February as the Omicron variant of the coronavirus and shortages of raw materials hurt business output, even before the invasion of Ukraine by Russia only complicates the economic outlook. Read more
- The rubber contract on the Shanghai futures exchange for May delivery fell 295 yuan, or 2.1%, to 13,590 yuan ($2,153.59) a ton.
- The first-month rubber contract on the Singapore Stock Exchange’s SICOM platform for delivery in April last traded at 175.0 US cents per kg, down 2.6%.
SINGAPORE, March 1 (Reuters) – ($1 = 115.1800 yen)
($1 = 6.3104 yuan)
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Reporting by Isabel Kua; Editing by Rashmi Aich
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