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TOKYO, Jan 20 (Reuters) – Benchmark TOCOM rubber futures edged down in thin trading on Tuesday ahead of Chinese data expected to show the weakest growth since the global financial crisis, reinforcing expectations Beijing will roll out more stimulus.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for June delivery JRUc6 0#2JRU: was down 0.6 yen at 193.5 yen per kg by 0041 GMT, after settling up 1.1 yen on Monday.
China’s annual economic growth likely slowed to 7.2 percent in the fourth quarter of last year, the slowest pace since the first quarter of 2009 and short of Beijing’s target of 7.5 percent.
Source: Reuters