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China stock index futures close higher Tuesday
http://www.ecns.cn/business/2013/01-15/45497.shtml
Jan 15th 2013, 07:58
2013-01-15 16:58 Xinhua Web Editor: Gu Liping
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China's stock index futures closed higher on Tuesday, with the contract for January, the most actively traded, up 0.33 percent from the previous trading day to 2,596.4 points.
The February contract rose 0.51 percent to 2,613 points. The March contract gained 0.57 percent to 2,626.6 points, while the June contract went up 0.58 percent to 2,652 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 from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.
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