China's iron ore futures finish higher Thursday

Iron ore futures finished higher Thursday in daytime trading on the Dalian Commodity Exchange (DCE).

The most active iron ore contract for January 2027 delivery rose 0.28 percent to close at 710.5 yuan (about 105.94 U.S. dollars) per tonne.

Iron ore futures were launched on the Dalian Commodity Exchange in October 2013 and have since become the world's most actively traded iron ore derivatives contract.

As the world's largest importer of iron ore, China opened the contract to international investors in May 2018, further enhancing its role as a key price benchmark for the global seaborne iron ore market.

China's iron ore futures finish higher Thursday

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.15 percent lower at 1,887.34 points on Thursday.

The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 0.61 percent lower at 1,606.29 points.

The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.

China's STAR Composite Index closes lower Thursday