IPFS News Link • Stock Market
China's "National Team" Buys Stocks For Second Time In Weeks
• https://www.zerohedge.com by Tyler DurdenBloomberg reports Chinese state-backed funds swooped in and bought local shares in the afternoon session, allowing the CSI 300 only to close down .60%, erasing earlier losses of as much as 2.4%.
The plunge protection team managed to form a so-called daily 'bullish hammer' on the main equity index.