DJ Tocom Rubber Settles Higher on China PMI, Yen -- Market Talk (
Tocom rubber futures settle 0.6% as manufacturing activity data from China show signs of stabilization and as a weaker Japanese yen helps. Tocom's upside however is limited as concerns about weakness in the Chinese economy still weigh. "[The data suggests] that large firms have held up better than many feared but that overall activity remains subdued," says London-based Capital Economics in a note. The consultancy was referring to seemingly conflicting messages from China's official March PMI data, which show an on-month expansion in manufacturing activity, although HSBC's final PMI reading show an on-month contraction. Benchmark September rubber settles Y1.3 higher at Y234.5/kg, off the intraday high of Y235.5/kg. (huileng.tan@wsj.com; Twitter: @huileng_tan)
ที่มา: Dow Jones Newswires
