TOCOM rubber ** rises slightly, profit taking may occur

Wenhua Finance (Comprehensive Compilation) - According to news from Tokyo on March 2nd, TOCOM rubber ** rose slightly on Friday, as the yen fell, crude oil and stock prices rose, and strong US car sales provided support, but before the weekend won A profit settlement may prevent it from rising to the high point touched earlier this week.

At 0035 GMT, the TOCOM benchmark August Rubber** contract rose 2.6 yen or 0.8% to 341.8 yen per kg. The contract once rose to 342.4 yen, close to the high of 344.4 yen touched on February 27th, and that level was considered resistance.

US vehicle sales increased by nearly 16% in February, and its annual sales rate reached the highest level in the past four years, mainly due to the unexpected increase in the sales of US automaker GM and the strong sales of US car makers Chrysler and Ford. Performance.

The Japanese Nikkei index followed US stocks up about 1% in early Friday.