DJ Tocom Rubber Settles Slightly Lower Amid Lack of Bullish News -- Market TalkTocom rubber futures settle slightly lower as investors buy-on-dip after a recent selloff. Any upside was limited as preliminary data show China's April manufacturing activity in contraction, although the data was also in line with expectations. "There is no indication of stellar growth in demand amid a supply glut," says a Singapore-based analyst at a fund which invests in rubber. Benchmark September rubber settles Y0.4 lower at Y201.2/kg, off the intraday low of Y198.8/kg.
(huileng.tan@wsj.com; Twitter: @huileng_tan)
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