Off the wire
• 15 tourists injured in hot air balloon accident in Turkey  • Chinese vice premier in Cuba on enhancement of political cooperation  • Commentary: U.S. should put its own yard in order on human rights issues  • 2nd LD: Chinese shares tumble over 7 percent on Friday  • Guangzhou Evergrande assistant coach Li Tie resigns  • Roundup: Taliban militants capture district in E. Afghanistan  • Tokyo shares end lower on Greek debt jitters  • Uganda's top players to attend White Nights Squash Open in Russia  • Cuba develops vaccine against cholera  • Emirates A-380 makes emergency landing in Sri Lanka  
You are here: 　 Home

China Hushen 300 index futures plunge 10 pct Friday

Xinhua, June 26, 2015 Adjust font size:

China's key Hushen 300 index futures plunged by the daily limit of 10 percent on Friday, with the contract for July, the most active one, closing at 4,212.4 points.

The August contract and the September contract both dived 10 percent to finish at 4,204.6 points and 4213.2 points, respectively. The December contract lost 10 percent to 4,227.6 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