European stocks fall after China pushes yuan lower again

miércoles 12 de agosto de 2015 13:02 GYT
 

* Euro STOXX 50 closes down 3.4 pct

* Carmakers, luxury goods stocks underperform again

* Henkel shares sink 9 pct on results, China exposure

* Goldman Sachs downgrade hits Delta Lloyd shares

* Europe bourses in 2015: link.reuters.com/pap87v (Updates with closing prices)

By Sudip Kar-Gupta

LONDON, Aug 12 (Reuters) - European shares extended the week's sell-off on Wednesday after China allowed the yuan to weaken further, hitting export-focused stocks for a second straight day.

China is the second-biggest buyer of EU goods after the United States and its surprise devaluation this week has heaped market pressure on European makers of cars, luxury goods and consumer products.

The pan-European FTSEurofirst 300 index closed down 2.7 percent, while the euro zone's blue-chip Euro STOXX 50 index was down 3.4 percent, its second-worst daily performance since January.   Continuación...