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    China stock index futures close lower Tuesday

    2014-05-20 16:22 Xinhua Web Editor: Qin Dexing
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    China's stock index futures fell across the board on Tuesday, with the contract for June, the most actively traded, down 0.16 percent to close at 2,099.4.

    The July contract went down 0.24 percent to 2,087.4. The September contract dropped 0.16 percent to 2,089, and the December contract lost 0.14 percent to 2,098.

    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 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.

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