UPDATE 2-European stocks fall on worries about Huawei fallout

* Travel and leisure stocks down; Ryanair slides on results
* Deutsche Bank falls on NYT Trump anti-money laundering
report
* Telecom stocks are STOXX 600's only gainers, Vodafone
rises

(Updates to close, adds quote)
By Aaron Saldanha
May 20 (Reuters) - European stocks recorded broad-based
losses on Monday, as a U.S. crackdown on China's Huawei
Technologies rekindled concerns about worsening global trade and
wilted the continent's trade-exposed tech and auto stocks.
Global risk appetite was jolted after Reuters reported
Alphabet Inc's GOOGL.O Google suspended some business with
Huawei, while Apple Inc AAPL.O supplier Lumentum Holdings Inc
LITE.O said it had discontinued all shipments to Huawei.
MKTS/GLOB
"Seeing as the United States has taken a tough stance
against Huawei, traders are not hopeful that the U.S.-China
trade dispute will be resolved quickly," David Madden, market
analyst at CMC Markets UK, wrote in a note.
"The rally at the back end of last week is starting to look
like a relief rally, and this move could be the beginning of the
next major move lower."
The pan-European Euro STOXX 600 .STOXX fell 1.1% and has
shed 3.5% so far in May, on course to post 2019's first monthly
loss, largely on fears of slower growth as trade ties chill.
The volatility gauge on euro zone blue-chips .V2TX jumped,
lifting off Friday's two-week closing low.
Germany's DAX .GDAXI dropped 1.6%, while French stocks
.FCHI shed 1.5%. Italian stocks .FTMIB slid 2.7%, weighed on
by Intesa Sanpaolo declining as it traded ex-dividend.
Tech stocks .SX8P were the STOXX 600's top losers, diving
2.8%. AMS AMS.S , STMicroelectronics STM.MI , and ASML
ASML.AS were down between 6.3% and 13.4% as fears of a
disruption to the industry's global supply chain grew.

German chipmaker Infineon IFXGn.DE trimmed intra-day
losses to end 4.8% lower after denying a report in Japan's
Nikkei daily that it had suspended deliveries to Huawei.
Stocks of tariff-sensitive auto-makers and their suppliers
.SXAP shed 2% to clock their lowest closing level in more than
a month and a half.
Banks .SX7P fell 1.6%, with Deutsche Bank DBKGn.DE
tumbling 2.9% to a record closing low.
The New York Times on Sunday reported anti-money laundering
specialists at the German lender recommended in 2016 and 2017
multiple transactions involving entities controlled by U.S.
President Donald Trump and his son-in-law, Jared Kushner, be
reported to a federal financial-crimes watchdog. The newspaper, citing five current and former Deutsche Bank
employees, said bank executives rejected their employees' advice
and the reports were never filed with the government. The lender
has denied the report.
Viennese stocks .ATX slid 1.4% after Austria's president
called for a snap election in September following the
resignation of the country's far-right vice chancellor over a
video sting.
Travel and leisure stocks .SXTP slid 1.4%, with Ryanair
RYA.I diving 4.6% after the low-cost airline posted its
weakest annual profit in four years and said earnings could fall
further.
"It looks like it will be a tough summer, with rising fuel
costs and more strikes, even without Brexit making things
worse," Chris Beauchamp, chief market analyst at IG, wrote in a
note.
Telecom stocks .SXKP were the STOXX 600's only gaining
sub-sector, rising 0.8%. Vodafone Group VOD.L climbed 1.7% on
the day, after recording its lowest closing level in close to 10
years on Friday.