Best Price on FTYB Series Box Type Substation Export to Bhutan
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Box-type transformer substation is kind of removable pre-installed transformation and distribution device that integrated high-voltage switch, transformer, low-voltage switch as on. It is suitable for mining, industrial enterprises, oil and gas fields, new development zones, construction sites, especially suitable for land-tight urban public power distribution facilities, high-rise building power distribution and transformation, residential quarters, scenic areas, with a advantage of small size, convenient on-site constructing, easy operating, high reliability, good shape and environmental coordination.
Trading was halted for the first day of 2016 after China’s Shanghai composite index nosedived 6.9% Monday, prompting global stock sell-off that sent U.S. stocks tumbling.
Weak manufacturing data was behind the sell-off in China along with Middle East tensions, which pushed up oil prices.
The dramatic drop triggered a new “circuit breaker mechanism,” according to China’s official Xinhua News Agency, which suspends trading for 15 minutes if the index drops or rises more than 5%.
It was the first time China used the mechanism, announced late last year.
Overall, the Shanghai composite index shed 242.92 points, or 6.9%, to finish at 3,296.26. Japan’s Nikkei 225 fell 582.73 points, or 3.1%, to 18,450.98 and Hong Kong’s Hang Seng index dropped 587.28 points, or 2.7%, to end at 21,327.12.
In Europe, Germany’s DAX index plunged 4.3%, France’s CAC 40 fell 2.5% and Britain’s FTSE 100 dropped 2.4%.
Authorities have been trying for months to restore confidence in Chinese stocks after a plunge in prices in June rattled global markets and prompted a multibillion-dollar government intervention. Beijing is gradually unwinding emergency controls that included a freeze on new stock offerings.