China stock index futures close down - Sept 23
Updated: 2011-09-23 16:40
(Xinhua)
|
|||||||||||
BEIJING - China's stock index futures closed down on?Sept 23?with the contract for October, the most actively traded, down 0.96 percent from the previous trading day to 2,668.2 points.
The November contract closed down 0.94 percent to 2,672 points. The December contract fell 1.2 percent to 2,673 points, while the March contract for 2012 was down 0.73 percent to finish at 2,706.8 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.
- Giant Interactive to invest $50m in Alibaba
- Super rice needs time to go commercial
- State tweaks resource tax on oil, gas producers
- China to revise environmental quality standards
- Car-free campaign falls flat
- AstraZeneca relies on partners
- Hurun shows property is still key to riches
- China IPOs to hit record in Germany
