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China Hushen 300 index futures open mixed Thursday

Xinhua, April 21, 2016 Adjust font size:

China's key Hushen 300 index futures opened mixed Thursday, as the contract for settlement in May opened 0.01 percent lower at 3,110 points.

The June contract opened 0.27 percent higher at 3,069.8 points. The September contract opened 0.33 percent higher at 2,958.8 points. The December contract shed 0.03 percent to open at 2,870 points.

The stock-index contracts, agreements to buy or sell the blue-chip Hushen 300 Index at a present 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 were launched at the China Financial Futures Exchange and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points. Endi