Ugly stuff "SINGAPORE/HONG KONG (Reuters) - For a second day running state-backed buying likely scraped Chinese stocks from multi-year lows. Investors doubt the support will last and warn it leaves markets unbalanced and unstable. Formed in response to a market crash in 2015, the so called "national team" of Chinese state-backed investors poured $17 billion into index-tracking funds last month and were piling in on Friday and Monday as markets fell, analysts say."
