European shares at 7-month low as China growth worry hits markets

viernes 21 de agosto de 2015 10:16 GYT

* FTSEurofirst 300 down 1.8 pct

* Chinese flash PMIs increase concern over state of economy

* Greek shares fall 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, as growing concerns over China's economy hit world stock markets and many investors remained cautious over the near-term outlook.

The pan-European FTSEurofirst 300 index fell 1.8 percent to 1,450.18 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 1.6 percent while Germany's DAX declined 1.4 percent, with the DAX some 17 percent below record highs reached in April.

Investors across the world were alarmed at the latest Chinese data. 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...