SINGAPORE: Japanese rubber futures ended the day higher on Monday, buoyed by bullish sentiment from the Shanghai Cooperation Organisation (SCO) summit and arbitrage activity by Chinese traders.

Stringent standards: People showcase electric cars at the National Exhibition Centre in Hanoi. The country’s auto parts industry had a market value of US$4.5bil in 2023 and is projected to exceed US$13bil by 2032, according to data from a US research firm.

Oil prices gained on Tuesday after OPEC+ decided to increase production by less than what market participants had anticipated, while concerns over tighter supply due to potential new sanctions on Russia continued to lend support.

​

The ringgit opened stronger against the US dollar on Tuesday, extending gains as the greenback weakened on rising expectations of United States interest rate cuts.

Indonesian finance minister's removal unnerves investors, rupiah tumbles

The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned.

Oil prices rose on Monday in early trade, paring last week's losses, after OPEC+ agreed over the weekend to raise output further but at a slower pace from October due to an anticipated weakening of global demand.