By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Aug 22 (Bernama) -- The Malaysian rubber market closed lower on Friday, driven by weaker advice in the regional rubber futures markets, a dealer said.
She said market sentiment was clouded by uncertainties on US interest rate decision and the ongoing geopolitical crisis.
“The European Union will work to ensure lower US tariffs on its car exports are applied retroactively to Aug 1, 2025, its trade commissioner said on Thursday, as the transatlantic partners set out details of a framework trade deal struck in July.
“The US Federal Reserve (Fed) chair has cited uncertainty over the inflationary impact of US President Donald Trump’s trade tariffs as the biggest point of uncertainty for the Fed in lowering rates,” she told Bernama.
At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 fell by 8.0 sen to 726.5 sen per kilogramme (kg) while latex in bulk inched down by 1.0 sen to 567.5 sen per kg.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
