The production of natural rubber is expected to rise by at least 5 per cent in 2023-24, from 8 lakh metric tonne in the previous fiscal, the All India Rubber Industry Association (AIRIA) said.

Vietnam exported 757,600 tons of rubber for over US$1 billion to China in the first seven months of this year, accounting for 99.8% of its total rubber exports.

The euro zone's vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday.

Japan's exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as key markets like China weakened.

Deflationary pressures in China could spill over into global markets, which is potentially near-term good news for Western central banks as they seek to curb inflation, U.S. asset manager PIMCO said on Wednesday.

 Asian shares sank to nine-month lows on Thursday, while the dollar was at a two-month peak as fears over China's sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors.