Tokyo rubber futures down 3 pct on falling oil

SINGAPORE, Nov 2 - Tokyo rubber futures rubber fell more than 3 percent on Monday after crude oil slipped, but tight supplies in Southeast Asia were expected to offer some support.

FUNDAMENTALS

* The key Tokyo Commodity Exchange rubber contract for April delivery dropped 7.4 yen per kg to 223.9 yen. Rubber recently hit a one-year high of 235.7 yen in technical buying related to the expiry of the nearby October contract.

* Oil prices fell more than 3 percent to $77 a barrel on Friday, pressured by bearish economic data that dented confidence about a potential recovery in energy demand.

* Suspected Muslim insurgents killed a Buddhist woman and seriously wounded her husband in a dawn ambush at their home in rubber-rich Thailand's southernmost province on Saturday, police said.

MARKET NEWS

* The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet. [.T}

DATA EVENTS

* The following data is expected on Monday:

- Australia Q4 house price index (OO30 GMT)

- Japan Sept overtime pay (0130 GMT)

- Eurozone manufacturing PMI (0858 GMT)

- Sept construction spending (1500 GMT)

- ISM for October (1500 GMT)

- US home sales for Sept (1500 GMT)

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