STOCKS NEWS EUROPE-ABB slips; C.Suisse cites China worries

Shares in Swiss engineering group ABB (ABBN.VX) slide nearly 4 percent to 18.62 Swiss francs after Credit Suisse reiterates its underperform rating on concerns about ABB's China market.

"ABB power orders in China have turned negative over the last six months. There has been a disruption to market growth but more significantly in some products market share has shifted away from ABB to domestic players," Credit Suisse analysts say in a note.

"This is a negative surprise which may see China exposure removed as a positive rating driver in the short term," they say.

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