Markets

China stock index futures open mixed Tuesday

(Xinhua)
Updated: 2011-05-31 10:17

BEIJING -- China's stock index futures opened higher on Tuesday, with the contract for settlement in June, the most actively traded, opening 1.2 points higher at 2,973 from the previous close.

The July contract opened flat at 2,984. The contract for settlement in September opened 4.8 points higher at 3,018.8 points.

The contract for settlement in December opened 1.8 points lower at 3,058.2.

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 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 four contracts at 3,399 points.