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China Hushen 300 index futures close lower Monday

Xinhua, May 9, 2016 Adjust font size:

China's Hushen 300 index futures closed lower on Monday, with the contract for May 2016 down 3.08 percent to finish at 3,022 points.

The June contract lost 2.86 percent to close at 2,985 points. The September contract was down 2.86 percent to finish at 2,875 points. The December 2016 contract shed 2.54 percent to finish at 2,803.8 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 contracts at 3,399 points. Enditem

(This article is generated by Xinhua News Robo