European shares drop after China factory contraction sparks growth worry

viernes 21 de agosto de 2015 06:28 GYT
 

* FTSEurofirst 300 down 1 pct

* Chinese flash PMIs increase concern over state of economy

* Greek shares slip after PM resigns before new election

* Vopak slumps on concerns over its outlook

By Alistair Smout

LONDON, Aug 21 (Reuters) - European shares fell to a seven-month low on Friday on growing concerns over China's economy after a survey showed factory activity there contracted at its fastest pace since 2009.

The pan-European FTSEurofirst 300 index fell 1 percent to 1,462.78 points, its lowest level since January and on course for its biggest weekly fall of the year.

The euro zone's blue-chip Euro STOXX 50 index fell 0.6 percent while Germany's DAX declined 0.5 percent, with the DAX some 16 percent below record highs reached in April.

The Caixin/Markit manufacturing index showed activity in China's factory sector shrank at its fastest pace in almost 6-1/2 years in August, heightening fears of a slowdown in the world's second-biggest economy.   Continuación...