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China Hushen 300 index futures open lower Monday

Xinhua, August 29, 2016 Adjust font size:

China's key Hushen 300 index futures opened lower on Monday, as the contract for settlement in September 2016 opened 0.07 percent lower at 3,280 points.

The October 2016 contract opened 0.06 percent lower at 3,256.2 points. The December 2016 contract opened 0.2 percent lower at 3,209 points. The March 2017 contract opened 0.22 percent lower at 3,163.4 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