European stocks fall further after China pushes yuan lower again

miércoles 12 de agosto de 2015 04:20 GYT

* FTSEurofirst, Euro STOXX 50 down about 2 percent

* Carmakers, luxury goods stocks underperform again

* Goldman Sachs downgrade hits Delta Lloyd shares

* Europe bourses in 2015:

By Sudip Kar-Gupta

LONDON, Aug 12 (Reuters) - European shares extended this week's sell-off on Wednesday after China pushed the yuan even lower, hitting exporters such as carmakers and luxury goods companies.

The pan-European FTSEurofirst 300 index fell 2 percent, and the euro zone's blue-chip Euro STOXX 50 index 2.2 percent. The FTSEurofirst fell 1.7 percent on Tuesday.

The yuan hit a four-year low after China pushed the currency down overnight following Tuesday's devaluation.

The People's Bank of China move has sparked fears of a global currency war and accusations that Beijing was giving an unfair advantage to its struggling exporters.   Continuación...