Rubber Falls Most in a Week as Debt Woes Raises Growth Concern
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Rubber tumbled the most in more than a week as a reduction in Greece’s credit rating and a selloff in global equities boosted concern that the economic recovery may falter, curbing demand for the commodity used in tires.
The October-delivery contract lost as much as 4 percent to 363 yen a kilogram ($4,429 a metric ton) before settling at 367.9 yen on the Tokyo Commodity Exchange. The contract gained 1.8 percent last week, the second weekly advance.