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Nov 20 (Reuters) - European shares lost further ground on
Wednesday, with trade-sensitive sectors taking a hit after U.S.
President Donald Trump threatened to raise U.S. tariffs on
Chinese goods if a deal could not be reached with Beijing.
Trade-reliant shares of Germany .GDAXI and France .FCHI
dropped about 0.7% by 0819 GMT, leading declines among major
regional indexes, while the broader European STOXX 600 index
.STOXX fell 0.5%.
Trump's latest threat raised fears of an impasse in the
U.S.-China trade negotiations, driving Europe's stocks
benchmark lower for a third straight session and farther from a
four-year peak. British home improvement retailer Kingfisher's KGF.L
shares tumbled 7.7% to the bottom of STOXX 600 after it reported
a worsening fall in underlying sales in the third quarter.
Another big decliner was German payments company Wirecard
WDIG.DE , which fell 5.6% on news auditor EY refused to sign
off on the Singapore audit of the company for 2017, citing
irregularities.