European shares hit again by Chinese manufacturing data

martes 1 de septiembre de 2015 04:46 GYT

* FTSEurofirst 300 drops 2.4 pct

* Basic resources stocks are top sectoral losers

* DAX underperforms despite stronger German data

* Man Group posts biggest individual decline

By Alistair Smout

LONDON, Sept 1 (Reuters) - European stocks fell on Tuesday, extending the losses of recent weeks after weak manufacturing data from China again raised concerns over the health of its economy.

The pan-European FTSEurofirst 300 was down 2.4 percent at 1,397.39 points by 0805 GMT, with basic resources stocks down 3.9 percent, making them the top sectoral losers. Asian markets also fell.

Activity in Chinese manufacturing contracted at its fastest pace for three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's No. 2 economy despite a flurry of government support measures.

China's official manufacturing Purchasing Managers' Index (PMI) fell to 49.7 in August, denoting contraction, after scoring 50.0 in July.   Continuación...