China's Hushen 300 index futures closed lower Monday, with the contract for October 2018 down 1.55 percent to finish at 3,122.40 points.
The November 2018 contract lost 1.60 percent to close at 3,117.20 points. The December 2018 contract was down 1.70 percent to finish at 3,114 points. The March 2019 contract went down 1.60 percent to finish at 3,117 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.
The November 2018 contract lost 1.60 percent to close at 3,117.20 points. The December 2018 contract was down 1.70 percent to finish at 3,114 points. The March 2019 contract went down 1.60 percent to finish at 3,117 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.
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