PARIS, Nov 19 (Reuters) - European stocks extended their losses on Friday after China’s central bank raised banks’ required reserves.
At 1038 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.7 percent at 1,100.76 points, led lower by mining shares such as Rio Tinto RIO.L and BHP Billiton BLT.L, both down 2 percent.
China said on Friday it would raise banks’ reserve requirements by 50 basis points, effective Nov. 29, the second time in two weeks. (Reporting by Blaise Robinson)
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