Rubber market extends downtrend on global economic outlook worries


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KUALA LUMPUR: The Malaysian rubber market extended its downtrend on Friday, amid a mixed performance from the regional rubber futures markets following deepened worries about the global economic outlook and weak China growth data, said a dealer.

"Nevertheless, further losses were capped by a slight recovery in crude oil prices, declines in local natural rubber (NR) production and a weaker ringgit against the US dollar,” she said.

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