Rubber Surges Most Since November 2011 as Yen Drop Raises Appeal
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Rubber jumped by the most since November 2011 after Japan’s currency slid to an almost four-year low, boosting the appeal of yen-denominated futures.
The contract for delivery in September climbed 6.6 percent to settle at 270.3 yen a kilogram ($2,737 a metric ton) on the Tokyo Commodity Exchange, the biggest daily advance since Nov. 14, 2011. The rally pared this year’s loss to 11 percent.