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China Hushen 300 index futures close higher Tuesday

Xinhua, October 20, 2015 Adjust font size:

China's Hushen 300 index futures closed higher on Tuesday, with the contract for November, the most actively traded, up 2.63 percent to close at 3,466.6 points.

The December contract went up 2.23 percent to close at 3,358 points and the March 2016 contract gained 1.87 percent to 3,252 points. The June 2016 contract rose 1.49 percent to 3,168 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