[Dow Jones] Tocom RSS3 rubber futures settle lower after falling as much as 3.8% intraday. The overall market sentiment takes a hit from the developments in Japan”s nuclear crisis and a stronger yen versus the dollar Tuesday; IMF”s assessment of weaker global economic growth late Monday also weighs. Tocom”s downside is limited as the Thai market would be closed for the rest of the week for traditional new year celebrations, further limiting already tight supplies. Still, a Tokyo-based commodities brokerage analyst says the situation in Japan presents a downside risk to Tocom. A Thailand-based trader says the key support level is at Y455/kg. The benchmark Tocom September contract settles Y16.1 or 3.4% lower at Y459.1/kg, off the intraday low of Y457.2/kg.

Source: Dow Jones

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