Benchmark Tokyo rubber futures plunged nearly 4% on Tuesday, sliding from a nearly 8-month high hit the previous day, amid pessimism about global growth and signs of economic slowdown in China, the world's top rubber buyer.
The International Monetary Fund (IMF) trimmed its global growth forecasts on Monday and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world's biggest annual gathering of the rich and powerful.
Downward pressure on the economy will impact China's job market, the state planner warned on Tuesday, a day after data showed gross domestic product grew at its slowest since 1990.
