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China Hushen 300 index futures close lower Monday

Xinhua, July 20, 2015 Adjust font size:

China's key Hushen 300 index futures ended lower on Monday, with the contract for August, the most actively traded, down 3.62 percent to close at 3,950 points.

The September contract also lost 3.55 percent to end at 3,878.4 points. The December contract lost 3.49 percent to finish at 3,828.8 points. The March 2016 contract shed 3.31 percent to 3,836 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