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China Hushen 300 index futures open lower Tuesday

Xinhua, May 24, 2016 Adjust font size:

China's key Hushen 300 index futures opened lower on Tuesday, with the contract for settlement in June 2016 opening 0.44 percent lower at 3,045 points.

The July 2016 contract opened 0.45 percent lower at 3,006.8 points. The September 2016 contract opened 0.63 percent lower at 2,938.2 points. The December 2016 contract opened 0.74 percent lower at 2,696 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. Endit