ecns [expanded by feedex.net]
ecns
China stock index futures close sharply lower Monday
http://www.ecns.cn/business/2013/06-24/69857.shtml
Jun 24th 2013, 07:59
2013-06-24 16:59 Xinhua Web Editor: qindexing
China's stock index futures closed sharply lower on Monday, with the contract for July 2013, the most actively traded, down 7.42 percent from the previous trading day to 2,133.0 points.
The August contract fell 7.34 percent to 2,135.0 points. The September contract declined 7.32 percent to 2,140.0 points, while the December contract went down 6.97 percent to 2,169.0 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 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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