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China Hushen 300 index futures close higher Tuesday

Xinhua, May 16, 2017 Adjust font size:

China's Hushen 300 index futures closed higher on Tuesday, with the contract for May 2017 up 1.29 percent to finish at 3,431 points.

The June 2017 contract gained 1.4 percent to close at 3,412.6 points. The September 2017 contract was up 1.45 percent to finish at 3,342 points. The December 2017 contract went up 1.25 percent to finish at 3,310 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