China stock index futures close down on Wednesday
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China's stock index futures closed down Wednesday with the contract for November, the most actively traded, down 0.44 percent from the previous trading day to end at 3,525.8 points.
The December contract dropped 1.19 percent to 3,577 points. The March 2011 contract declined 1.55 percent to 3,662 points, and the June 2011 contract was down 1.65 percent to 3,717 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.
