Tokyo Futures Plunge as Commodities Slump on Economy Worry

Key Tokyo rubber futures plunged on Friday (May 6), dragged lower by a slump in commodities markets across the board the day before and the yen's rise against the dollar. The benchmark TOCOM rubber futures for October delivery fell as low as 353.2 yen per kg, down 33.6 yen or 8.7 percent from Monday's (May 2) settlement of 386.8 yen. Circuit breakers were hit and trade was temporarily halted

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