Rubber Falls Most in 8 Months on Europe Turmoil, China Inventory
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Rubber declined the most in eight months amid high stockpiles in China and as Europe braced for renewed turmoil over bank deposits in Cyprus, which strengthened the Japanese currency and reduced the appeal of contracts in yen.
The contract for delivery in August plunged 4.2 percent, the most since July 23, to end at 270.9 yen a kilogram ($2,863 a metric ton) on the Tokyo Commodity Exchange. Futures have lost 10 percent this year. The yen rose to 94.63 against the dollar.