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China Hushen 300 index futures close lower on Monday

Xinhua, September 14, 2015 Adjust font size:

China's Hushen 300 index futures closed lower on Monday, with the contract for September, the most actively traded, down 5.32 percent to close at 3,130.6 points.

The October contract shed 7.03 percent to close at 2,980 points and the December contract lost 8.27 percent to 2,809 points. The March 2016 contract slid 7.67 percent to 2,800 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