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China Hushen 300 index futures close lower Wednesday

Xinhua, April 19, 2017 Adjust font size:

China's Hushen 300 index futures closed lower on Wednesday, with the contract for April 2017 down 0.89 percent to finish at 3,440 points.

The May 2017 contract dropped 0.88 percent to close at 3,420.6 points. The June 2017 contract was down 0.94 percent to finish at 3,392 points. The September 2017 contract went down 0.53 percent to finish at 3,338.4 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