Rubber Drops Most Since November on Strengthening Yen, Weak Oil
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Rubber slumped by the most in more than two months as the Japanese currency advanced and crude oil traded near a one-week low, cutting the appeal of the commodity used in tires.
Rubber for delivery in June fell 2.6 percent to end at 304.1 yen a kilogram ($3,443 a metric ton) on the Tokyo Commodity Exchange. That’s the biggest drop at close since Nov. 5, paring this year’s advance to 0.5 percent.