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China Hushen 300 index futures close lower Friday

Xinhua, June 19, 2015 Adjust font size:

China's key Hushen 300 index futures ended lower on Friday, with the contract for June, the most actively traded, down 4.27 percent to close at 4,768 points.

The July contract lost 7.60 percent to end at 4,598 points. The September contract went down 7.62 percent to finish at 4,602.6 points. The December contract dived 8.01 percent to 4,608.8 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