China's Hushen 300 index futures opened lower on Tuesday, with the contract for settlement in July 2018 down 0.88 percent to open at 3,494.8 points.
The August contract opened 1.51 percent lower at 3,457.2 points. The September contract opened 0.98 percent lower at 3,460 points. The December contract opened 0.82 percent lower at 3,451 points.
The stock-index contracts, agreements to buy or sell the blue-chip 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 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.
The August contract opened 1.51 percent lower at 3,457.2 points. The September contract opened 0.98 percent lower at 3,460 points. The December contract opened 0.82 percent lower at 3,451 points.
The stock-index contracts, agreements to buy or sell the blue-chip 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 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.
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