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China Hushen 300 index futures close lower on Wednesday

Xinhua, September 23, 2015 Adjust font size:

China's Hushen 300 index futures closed lower on Wednesday, with the contract for October, the most actively traded, down 2.51 percent to close at 3,161 points.

The November contract went down 2.89 percent to close at 3,077.8 points and the December contract lost 2.73 percent to 3,027 points. The March 2016 contract dropped 2.24 percent to 2,960 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