Kuala lumpur: The Kuala Lumpur rubber market snapped recent losses to end higher on Wednesday, supported by gains in regional rubber futures and a weaker ringgit against the US dollar.

According to BERNAMA News Agency, a dealer indicated that market sentiment was further lifted by expectations of additional stimulus measures from Beijing to support economic growth. China is reportedly planning to introduce new measures to promote the consumption of services, focusing on areas such as elderly care, healthcare, and leisure to counterbalance the subdued demand for goods.

Further insights revealed that despite the positive momentum, the market's upward trajectory was limited by mixed signals from crude oil prices and ongoing global geopolitical uncertainties. At the time of reporting, Brent crude oil had decreased by 1.45 percent, settling at US$63.93 per barrel.

In the rubber market, the Standard Malaysian Rubber (SMR) 20 increased by two sen per kilogramme to 743.5 sen/kg, while latex-in-bulk rose by one sen to 576.00 sen, marking a rebound in market values following recent declines.