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China Hushen 300 index futures close higher Thursday

Xinhua, July 16, 2015 Adjust font size:

China's key Hushen 300 index futures ended higher on Thursday, with the contract for July, the most actively traded, up 182.2 points to close at 4,008.

The August contract gained 166.6 points to end at 3,859. The September contract closed up 140.6 points to finish at 3,787.6. The December contract rose 119 points to 3,748.8.

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