China sees 20% decline in Sept futures market deals
Updated: 2011-10-08 09:20
BEIJING-- China's futures market realized a total turnover of 12.65 trillion yuan ($1.98 trillion) in September, slightly up 0.33 percent year-on-year, according to the China Futures Association.
However, the market saw just 99.94 million deals take place during the period, a 22.20-percent year-on-year decrease, the association said.
The market endured systematic risks that pulled down commodities, with several dipping to their lowest levels this year. However, robust momentum in several major exchanges offset the negative effects of the decrease.
The Shanghai Futures Exchange achieved a turnover of 4.61 trillion yuan and saw 27.72 million deals, with a month-on-month growth rate of 19.34 percent and 9.39 percent, respectively. The China Financial Futures Exchange also witnessed growth during the period.
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