In Osaka, Japan, OSE rubber futures (RSS) dropped 1 percent. In China, the SHFE most active contract, for September delivery, fell by nearly 0.5 percent while INE futures shed 1.1 percent. In Singapore, rubber futures (TSR20) slipped by 0.5 percent amid active, yet shortened trading days.
JPX linked the continuing downtrend in rubber prices to concerns over China's slowing economy, global recession risks and a robust U.S. dollar.
Having reported contraction in its official manufacturing index in June, China "continues to face economic challenges," the report said.
In addition, it noted, the Chinese economy has witnessed a decline in housing prices over the past two months.