China stock index futures open lower Thursday

10:29, May 27, 2010      

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China's stock index futures opened lower Thursday with all of the four contracts down from the previous trading day.

The contract for settlement in June, which is most actively traded, slid 14.6 points to open at 2,825.

The contract expiring in July fell 16 points to open at 2,842.4.

The September contract opened at 2,875, down 17.6 points from the previous trading day.

The December contract dropped 9.2 points to open at 2,937.6.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and 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 four contracts at 3,399 points.

Source: Xinhua

(Editor:黄硕)

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