China stock index futures open higher
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ATAHK reads from Xinhua News that Wednesday China's stock index futures opened higher on Wednesday, with the contract for settlement in November, the most actively traded, opening 0.2 percent higher at 2,551 points. For details, please refer to the following news from Xinhua News on November 12th:
The contract for settlement in December opened 0.3 percent higher at 2,559.6. The March 2015 contract opened 0.01 percent higher at 2,572.2 points. The June 2015 contract opened 0.19 percent higher at 2,578 points.
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 either gains or 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.
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