European shares extend losses; financials weigh

LONDON Wed Oct 28, 2009 11:12am EDT

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LONDON Oct 28 (Reuters) - European shares extended losses in afternoon trade on Wednesday, led lower by financials and energy stocks, as investors sold equities after data showed sales of newly built U.S. single-family homes unexpectedly fell.

The FTSEurofirst 300 .FTEU3 index of top European shares was down 1.8 percent at 981.30 points after falling to a low of 979.67 earlier in the session.

Standard Chartered (STAN.L), HSBC (HSBA.L), Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L), BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA) and Credit Agricole (CAGR.PA) fell between 0.9 percent and 5.9 percent. (Reporting by Brian Gorman and Atul Prakash)

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