China stock index futures close down -- Jan 18

Updated: 2011-01-18 16:41
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BEIJING - China's stock index futures closed down Tuesday with the contract for January, the most actively traded, fell 0.36 percent from the previous trading day to end at 2,974 points.

The February contract dropped 0.33 percent to close at 2,995 points. The March contract shrank 0.47 percent to 3,022 points and the June contract was down 0.52 percent to 3,085 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.