China stock index futures close down on Feb. 9

16:51, February 09, 2011      

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China's stock index futures closed down Wednesday with the contract for February, the most actively traded, down 1.55 percent from the previous trading day to end at 3,038.4 points.

The March contract declined 1.58 percent to 3,062 points. The June contract dropped 1.65 percent to 3,128 points and the September contract was down 1.61 percent to 3,168.6 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 both gains and declines in the market.

The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading on April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.

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