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China Hushen 300 index futures close lower Monday

Xinhua, June 29, 2015 Adjust font size:

China's key Hushen 300 index futures ended lower on Monday, with the contract for July, the most actively traded, down 5.44 percent to close at 4,014.2 points.

The August contract lost 6.02 percent to end at 3,990.6 points. The September contract shed 5.62 percent to finish at 3,995 points. The December contract lost 5.66 percent to 4,008.6 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