European shares fall on Chinese import data, SABMiller soars

martes 13 de octubre de 2015 12:41 GYT

* SABMiller soars after accepting ABInBev takeover offer

* SAP rises as Q3 profits beat analyst expectations

* Portuguese banks lower, hit by political uncertainty (Updates with closing prices)

By Danilo Masoni and Alistair Smout

MILAN/LONDON, Oct 13 (Reuters) - European shares fell on Tuesday after weak Chinese import data, dragged down by auto and mining stocks, though SABMiller soared after accepting a takeover proposal from rival Anheuser-Busch InBev.

The pan-European FTSEurofirst 300 index was down 0.9 percent at 1,417.16 points, with the euro zone's blue-chip Euro STOXX 50 down 0.8 percent.

China's exports fell less than expected in September, but an import dive left economists divided over whether the world's second largest economy is ready to turn around.

"While Chinese exports posted a healthy rebound, weak imports are still indicating that the Chinese economy is continuing to struggle," said Markus Huber, trader and analyst at Peregrine & Black.

Cars and miners were among the top sectoral fallers following the data. But Huber said some investors viewed the data as a catalyst for more Chinese government and central bank action in the coming months, adding that lower prices could tempt buyers back into the market.   Continuación...