Markets > Futures

China Hushen 300 index futures open lower Monday

2019-07-29 10:03

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BEIJING, July 29 (Xinhua) -- China's Hushen 300 index futures opened lower on Monday, with the contract for settlement in August 2019 opening 0.12 percent lower at 3,848 points.

The September 2019 contract opened 0.03 percent lower at 3,845 points. The December 2019 contract opened 0.07 percent lower at 3,834.6 points. The March 2020 contract opened 0.09 percent lower at 3,831 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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