LATEST NEWS    PM Anwar urges for comprehensive action to curb drug, vape abuse among Malay youth | Malaysia stands firm against any individual or company that attempts to circumvent export controls or engage in illicit trade activities -- MITI | Malaysia will cooperate with any government that requires assistance in monitoring trade in sensitive goods under the export control of their respective countries -- MITI | MITI would like to reiterate that servers using Nvidia chips and AI chips are not classified as controlled goods under the Malaysian Strategic Trade Act 2010. | MITI is in the process of verifying with relevant agencies if any domestic law or regulation has been breached following media reports on the use of servers equipped with Nvidia chips by a Chinese company | PM Anwar urges for comprehensive action to curb drug, vape abuse among Malay youth | Malaysia stands firm against any individual or company that attempts to circumvent export controls or engage in illicit trade activities -- MITI | Malaysia will cooperate with any government that requires assistance in monitoring trade in sensitive goods under the export control of their respective countries -- MITI | MITI would like to reiterate that servers using Nvidia chips and AI chips are not classified as controlled goods under the Malaysian Strategic Trade Act 2010. | MITI is in the process of verifying with relevant agencies if any domestic law or regulation has been breached following media reports on the use of servers equipped with Nvidia chips by a Chinese company |
MARKET • 05/06/2025 06:19 PM

Rubber Market Ends Lower

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, June 5 (Bernama) -- The Malaysian rubber market closed lower today amid mixed regional rubber futures market performance, as the ringgit strengthened slightly against the US dollar, a dealer said.

She said market sentiment was dented by uncertainties in relation to the United States (US) tariffs and trade policy amid weaker US economic data.

“Nevertheless, further losses were capped by gains in crude oil prices and growing hopes that China will introduce more stimulus measures to lift its economy,” she told Bernama. 

According to the dealer, the US dollar slid in the previous session (morning) after weak US jobs and services data, with more weighty employment data due on Friday.

“Damage to the US economy is becoming more apparent from US President Donald Trump's erratic tariff action, while bilateral deals remain unrealised,” she added. 

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) fell by 8.5 sen to 690.5 sen per kilogramme (kg) while latex in bulk decreased by 4.5 sen to 605 sen per kg.

-- BERNAMA

 

 

More News

Categories

Tags