FUNDAMENTALS
* The key Tokyo Commodity Exchange rubber contract for December delivery was up 5.4 yen at 363.2 yen per kg as of 0040 GMT.
The benchmark contract rose as high as 365.7 yen.
* The most active Shanghai rubber contract for September delivery rose 360 yuan to finish at 31,060 yuan ($4,800) per tonne on Wednesday.
* The heavy rain that has hit top producer Thailand for weeks has stopped, allowing farmers to tap more latex, so supply is likely to rise gradually.
* Oil jumped as much as 3 percent on Wednesday, ending at the highest level in a week, as sharp draw-downs in U.S. crude and gasoline stocks fed a rally spawned when Greece passed an austerity plan to avoid a sovereign debt default.
* The dollar slipped to 80.71 against the yen, off this week’s high of 81.26.
MARKET NEWS
* Japan’s benchmark Nikkei average opened up 0.4 percent at 9,838.09 on Thursday, following rallies in Wall Street.
* Wall Street closed its best three-day run in three months on Wednesday after the Greek parliament approved austerity measures to avoid defaulting on its debt.
* Fewer cars on dealer lots and higher prices — factors that led to disappointing U.S. auto sales in May — look to hold June results in check.
* BMW , the world’s largest maker of luxury cars, expects to maintain double-digit sales growth this year in Brazil, where it may build an assembly plant, a senior executive said in an interview.
* South Korea’s Hyundai Motor Group said on Thursday it was targeting to raise U.S. auto sales by 18.2 percent this year to 1.06 million vehicles.
-TOKYO, June 30 (Reuters)