Tokyo rubber falls over 2 pct on demand worries

TOKYO, Sept 5 (Reuters) - Tokyo rubber futures fell more than 2 percent on Friday as concerns about slowing demand for commodities revived after a sell-off in U.S. stocks, paring the previous day's 2.7 percent jump in a technical bounce.

* As of 0019 GMT, the key Tokyo Commodity Exchange rubber contract for February delivery <0#JRU:> was trading at 309.4 yen per kg, down 7.1 yen or 2.2 percent from Thursday.

* The rubber market has been volatile this week, with views spread between bearishness due to signs of a slowdown in the U.S. economy and bullish factors on the supply side, including a prolonged political crisis in Thailand, the world's top producer.

* On Thursday, the February contract closed at the day's high of 316.5 yen in a late rally led by dealers' short-covering. It had hit a one-week low of 306.4 yen on the same day. On Monday the contract touched a one-month high of 324.9 yen.

* Oil CLc1 extended recent falls on Friday, a minus for rubber and other commodities futures as that suggests investors keep unwinding long positions they have built to hedge against inflation.

* Thai Prime Minister Samak Sundaravej said on Thursday he plans to hold a national referendum to end a political crisis over street protests against the government. [ID:nSP329169] (Reporting by Risa Maeda)