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China Hushen 300 index futures close higher Friday

Xinhua, July 17, 2015 Adjust font size:

China's Hushen 300 index futures ended higher on Friday, with the contract for settlement in July, the most actively traded, up 3.67 percent to close at 4,124.4 points.

The August contract surged 6.84 percent to end at 4,090.4. The September contract closed up 6.8 percent to finish at 4,018. The December contract soared 6.89 percent to 3,980.

The 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