TOKYO, May 19 (Reuters) - Key TOCOM rubber futures rose nearly 1 percent on Monday, holding above the psychological 200 yen level, as a rise in oil prices and a decline in Shanghai rubber inventories provided support.
FUNDAMENTALS
* The key Tokyo Commodity Exchange rubber contract for October delivery traded 1.7 yen higher at 201.7 yen as of 0005 GMT. The contract rose 0.9 percent last week.
* Rubber inventories in warehouses monitored by the Shanghai Futures Exchange fell 2.3 percent from last Friday, the exchange said on Friday.
* Growth in average new home prices in China slowed to a near one-year low in April, official data showed on Sunday, adding to concerns about the weakness of the property market and what policymakers can do if prices start to fall too sharply.
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MARKET NEWS
* U.S. stocks ended higher on Friday in a late-day rebound as small-cap names edged up after recent weakness and consumer discretionary shares advanced.
* The greenback fetched 101.54 on Monday, not far from a two-month low of 101.31 set on Thursday.
* Brent crude oil rose on Friday to end nearly 2 percent higher on the week, boosted by concerns over output in Libya, where recently opened fields were closed again and clashes erupted in the east.
* Japan's Nikkei share average was up 0.23 percent.
DATA EVENTS
* No key data is expected on Monday.
(Reporting by Osamu Tsukimori; Editing by Ed Davies)