Rubber Declines to Five-Month Low as Growth Concerns Increase

Rubber plunged to a five-month low as concerns grew that the global recovery may stall, sapping investor appetite for the commodity used in tires.

The contract for delivery in September lost as much as 4.6 percent to 247 yen a kilogram ($2,526 a metric ton), the lowest level since Nov. 15, before settling at 257.5 yen on the Tokyo Commodity Exchange. Futures have declined 15 percent this year.