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July 27 (Reuters) - European stocks lost ground on Tuesday
as sharp falls in Chinese shares and disappointing sales numbers
from Reckitt Benckiser offset a batch of strong earnings updates
from companies including LVMH.
The pan-European STOXX index fell 0.6% in its
second session of losses but held a few points below its
Lysol maker Reckitt tumbled 9.2% as easing demand
for its soaps and cold remedies led the company to miss
analysts' estimates for quarterly sales.
Worries about stricter regulation of China's heavyweight
technology sector have fuelled a selloff in global markets this
week, despite optimism about U.S. and European earnings season.
Dutch tech investor Prosus slumped 7.4%, hitting
new lows since May 2020, weighed down by the selloff in Hong
Kong and mainland China shares.
The world's biggest luxury goods group LVMH inched
up after posting higher sales and profits.
(Reporting by Sruthi Shankar in Bengaluru)