Tokyo rubber up 2 pct, gains on commodities rally
TOKYO, Sept 8 (Reuters) - Tokyo rubber futures gained about 2 percent on Monday as part of a broad rise in commodities including crude oil, as well as a weaker yen.
* The key Tokyo Commodity Exchange rubber contract for February delivery <0#JRU:> rose as high as 315.3 yen per kg, up about 2.2 percent, before drifting down a touch to 313.1 yen at 0043 GMT.
* The benchmark is down about 12 percent from the 28-year high of 356.9 yen hit on June 30.
* Oil gained more than $2 to top $108 per barrel on Monday on worries that Hurricane Ike could threaten Gulf of Mexico energy production facilities. [O/R]
* The dollar climbed as high as 109.05 yen <JPY=> on trading platform EBS after the U.S. government seized control of mortgage housing companies Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) to shore up the U.S. housing market and protect against more global financial turbulence. [ID:N07463067] (Reporting by Miho Yoshikawa; Editing by Hugh Lawson)
© Thomson Reuters 2008 All rights reserved.




