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China Hushen 300 index futures close lower Tuesday

Xinhua, August 18, 2015 Adjust font size:

China's Hushen 300 index futures tumbled Tuesday, with the contract for August, the most actively traded, down 5.82 percent to close at 3,755 points.

The September contract lost 6.8 percent to close at 3,612 points. The December contract dived 7.83 percent to close at 3,473.2 points. The March 2016 contract plunged 8.87 percent to 3,432.4 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