Kuala lumpur: The Malaysian rubber market closed lower on Monday, weighed down by mixed performances in the regional rubber futures markets, a dealer said. She noted that market sentiment was influenced by ongoing uncertainties surrounding the US economic outlook and the escalating Middle East crisis.

According to BERNAMA News Agency, the dealer stated that further losses were limited by rising crude oil prices amid optimism over the US-Russia dialogue on a Ukraine ceasefire. Additionally, Thailand's meteorological agency had warned of heavy rains and accumulations that might cause flash floods and overflows from August 17-18 and August 22-23.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 was down 7.5 sen to 729 sen per kilogramme (kg), while latex in bulk slid 3.5 sen to 568.50 sen per kg.