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China Hushen 300 index futures close lower on Friday

Xinhua, September 25, 2015 Adjust font size:

China's Hushen 300 index futures closed lower on Friday, with the contract for October, the most actively traded, down 2.02 percent to close at 3,118 points.

The November contract went down 2.23 percent to close at 3,033.6 points and the December contract lost 2.24 percent to 2,994 points. The March 2016 contract fell 1.84 percent to 2,924 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