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China Hushen 300 index futures close lower Wednesday

Xinhua, August 17, 2016 Adjust font size:

China's Hushen 300 index futures closed lower Wednesday, with the contract for August 2016 going down 0.4 percent to finish at 3,365.8 points.

The September 2016 contract dropped 0.52 percent to close at 3,341.8 points. The December 2016 contract was down 0.69 percent to finish at 3,292.4 points. The March 2017 contract fell 0.33 percent to end at 3,267.4 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. Endi