BUSINESS China Hushen 300 index futures close higher Tuesday

BUSINESS

China Hushen 300 index futures close higher Tuesday

Xinhua

19:14, August 04, 2020

An investor monitors stock prices on his phone at a stock brokerage in Shanghai. [Photo by Lyu Liang/For China Daily]

BEIJING - China's Hushen 300 index futures closed higher on Tuesday, with the contract for August 2020 up 0.55 percent to finish at 4,756.6 points.

The September 2020 contract gained 0.48 percent to close at 4,732.2 points. The December 2020 contract was up 0.45 percent to finish at 4,679 points. The March 2021 contract went up 0.45 percent to finish at 4,646 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 were 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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