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The leaders last met in September 2024 on the sidelines of the Eastern Economic Forum in Vladivostok.

SINGAPORE: Japanese rubber futures rose to their highest in more than a month on Tuesday after a temporary truce in the US-China trade war sparked optimism about a possible de-escalation in trade tensions. The Osaka Exchange (OSE) rubber contract for October delivery closed up 1.81% to 315.1 yen ($2.13) per kg. Earlier in the session, the contract touched 316.1 yen, its highest since April 7. The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery rose 1.66% to 14,995 yuan ($2,084.81) per metric ton. The most active June butadiene rubber contract on the SHFE surged 5.85% to 12,205 yuan ($1,696.91) per ton. Global rubber futures ended the week slightly firmer on fresh speculative buying, driven by optimism over renewed US-China tariff talks, Japan Exchange Group said on Monday.

Currency could dip to 33.80 per dollar

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Oil prices held near two-week highs in early trading on Wednesday.

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Maybank IB Research has downgraded the gloves sector to a “negative” as the risk outweighs potential returns.