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China Hushen 300 index futures close higher Tuesday

Xinhua, August 4, 2015 Adjust font size:

China's key Hushen 300 index futures gained on Tuesday, with the contract for August, the most actively traded, up 5.99 percent to close at 3,837.6 points.

The September contract rose 6.65 percent to close at 3,752 points. The December contract expanded 6.36 percent to close at 3,640 points. The March 2016 contract surged 6.11 percent to 3,621 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