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China stock index futures up Friday

Xinhua, January 23, 2015 Adjust font size:

China's stock index futures climbed on Friday, with the contract for February, the most actively traded, up by 0.64 percent to close at 3,597 points.

The March contract rose 0.73 percent to end at 3,632.2 and June contract gained 0.68 percent to end at 3,691.6. The September contract was up 0.52 percent to end at 3,724 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.

The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points. Endi