Rubber declines on slow vehicle sales

TOKYO - Rubber declined for a second day as a slowdown in China's car sales stoked concern that demand may drop from the biggest consumer of the commodity used in tires.

Futures in Tokyo lost as much as 5.6 percent to the lowest level since May 27 also after data showed on Tuesday manufacturing growth in China and the euro region weakened in May, stoking speculation the economic rebound may be slowing.

China's passenger-car sales growth slowed last month as falling stock prices eroded wealth and consumer prices rose in the world's largest automobile market. The Shanghai Composite Index fell 9.7 percent in May.