The stock-index contracts, agreements to buy or sell the Hushen 1000 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 contracts at 3,399 points.
The January 2019 contract lost 2.39 percent to close at 3,139.2 points. The March 2019 contract was down 2.46 percent to finish at 3,139.2 points. The June 2019 contract went down 2.41 percent to finish at 3,132.8 points.
(This article is generated by Xinhua News Robot.)
BEIJING, Nov. 23 (Xinhua) -- China's Hushen 1000 index futures closed lower on Friday, with the contract for December 2018 down 2.48 percent to finish at 3,136.2 points.