European stocks extend sharp losses in late trade
PARIS, Aug 19 (Reuters) - European stocks extended their steep losses in late trade on Tuesday, falling 2.5 percent following a sharp rise in U.S. inflation, with financial stocks taking a beating from renewed worries over the credit crisis.
At 1514 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 2.4 percent at 1,160.41 points. Banks were the most hit, with Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz) sinking 7 percent andSociete Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) falling 4.2 percent. (Reporting by Blaise Robinson)
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