TOKYO: Benchmark Tokyo rubber futures inched lower on Wednesday, giving up gains made earlier in the session, as investors took profits after the yen moved higher amid nerves over the implications of Britain’s vote to leave the European Union.

The Tokyo Commodity Exchange rubber contract for December delivery ended down 0.5 yen, or 0.3 percent, at 153 yen ($1.49) per kg, after rising as high as 155.1 yen.

The most-active rubber contract on the Shanghai Futures Exchange for September delivery fell 15 yuan to finish at 11,250 yuan ($1,691.81) per tonne.

The front-month rubber contract on Singapore’s SICOM exchange for July delivery last traded at 134.0 US cents per kg, down 0.4 cent.—Reuters