Rubber Declines to 17-Month Low as U.S. Factory Growth Slows
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Rubber in Tokyo slid to the lowest level in almost 17 months after signs of slowing global industrial output boosted demand for the yen as a haven.
The commodity for delivery in July lost 2.7 percent to 220.8 yen a kilogram ($2,185 a metric ton) on the Tokyo Commodity Exchange, the lowest settlement for a most-active contract since Sept. 5, 2012. Futures entered a bear market last week and have lost 20 percent this year.