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China Hushen 300 index futures close higher Friday

Xinhua, August 7, 2015 Adjust font size:

China's Hushen 300 index futures ended higher on Friday, with the contract for August, the most actively traded, up 2.58 percent to close at 3,854.6 points.

The September contract gained 3.2 percent to close at 3,799.4 points.

The December contract surged 4.1 percent to close at 3,722.6 points. The March 2016 contract rose by 4.01 percent to 3,720 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