China's futures turnover up by almost 60 pct in first half

Turnover in China's futures market exceeded 10 trillion yuan (1.25 trillion U.S. dollars) in the first half of this year, up 59.43 percent on the same period last year, the Xinhua-run China Securities Journal reported Tuesday.

Turnover in June was up 13.12 percent on the previous month and a huge 64.51 percent year on year, reaching 221.8 million yuan, the newspaper reported, citing figures from the China Futures Association.

The fastest futures trading growth came from corn, aluminum, beans and rubber, according to the association.

Turnover on the Shanghai Futures Exchange jumped 103 percent to 6.02 trillion yuan in the first half.

Turnover on the Dalian Futures Exchange was 2.95 trillion yuan, up 26.58 percent year on year.

Turnover on the Zhengzhou Futures Exchange reached 1.13 trillion yuan, up 8.73 percent year on year.

Source: Xinhua