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China Hushen 300 index futures close lower Wednesday

Xinhua, October 28, 2015 Adjust font size:

China's Hushen 300 index futures closed lower on Wednesday, with the contract for November, the most actively traded, down 1.93 percent to close at 3,413 points.

The December contract lost 1.85 percent to close at 3,318 points and the March 2016 contract dipped 1.72 percent to end at 3,195 points. The June 2016 contract dipped 2.18 percent to 3,101 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