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China Hushen 300 index futures close higher Friday

Xinhua, October 23, 2015 Adjust font size:

China's Hushen 300 index futures closed higher on Friday, with the contract for November, the most actively traded, up 1.91 percent to close at 3,476.8 points.

The December contract went up 1.68 percent to close at 3,370.8 points and the March 2016 contract gained 1.62 percent to 3,250 points. The June 2016 contract rose 1.61 percent to 3,165 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