China stock index futures close higher Tuesday
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China's stock index futures closed higher Tuesday with the contract for September, the most actively traded, up 0.16 percent from the previous trading day to end at 2,914 points.
The October contract gained 0.22 percent to 2,925.4 points. The December contract rose 0.16 percent to 2,950 points, and the March 2011 contract climbed 0.2 percent to 2,988.2 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.
