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China Hushen 300 index futures close higher Wednesday

Xinhua, June 24, 2015 Adjust font size:

China's key Hushen 300 index futures ended higher on Wednesday, with the contract for July, the most actively traded, up 2.14 percent to close at 4858.2 points.

The August contract gained 2.19 percent to end at 4861.6 points. The September contract rose 1.98 percent to finish at 4866.6 points. The December contract gained 1.76 percent to 4879.2 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