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On May 16, 2023, stock index futures experienced a volatile consolidation. The main contract for CSI 300 Index Futures (IF) declined by 0.25%, while the main contract for SSE 50 Index Futures (IH) remained unchanged compared to the previous day. The main contract for CSI 500 Index Futures (IC) dropped by 0.51%, and the main contract for CSI 1000 Index Futures (IM) declined by 0.71%.