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China Hushen 300 index futures close lower Monday

Xinhua, October 31, 2016 Adjust font size:

China's Hushen 300 index futures closed lower on Monday, with the contract for November 2016 down 0.24 percent to finish at 3,317.4 points.

The December 2016 contract went down 0.31 percent to close at 3,293.6 points. The March 2017 contract was down 0.3 percent to finish at 3,226 points. The June 2017 contract shed 0.26 percent to finish at 3,164 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