European banks fall further after China's additional tariffs of 84% on US goods

European banks extend losses after China said it would impose additional tariffs of 84% on U.S. goods as a retaliation against President Donald Trump's 104% levies on China

The STOXX 600 banks index .SX7P falls 3.9%, among the worst performers on the wider STOXX 600 .STOXX which is also down 3.9%

"We're particularly concerned about how these tariffs might affect banks' credit quality, especially in a slower growth environment," Johann Scholtz from Morningstar says

"The future of interest rates remains uncertain, but the likelihood of rate cuts has increased," Scholtz notes, adding this could negatively impact net interest margins

Asia-exposed Standard Chartered STAN.L, HSBC HSBA.L are down around 5%

Germany's Commerzbank CBKG.DE, Deutsche Pfandbriefbank PBBG.DE, Deutsche Bank DBKGn.DE and Switzerland's UBS UBSG.S slide between 1.7% and 4.5%

France's Credit Agricole CAGR.PA, Societe Generale SOGN.PA, BNP Paribas BNPP.PA fall 2.3%-3.9%

Spain's Bankinter BKT.MC, Caixabank CABK.MC, Santander SAN.MC and Sabadell SABE.MC down between 2.5% and 3.5%

Denmark's Jyske Bank JYSK.CO, Sydbank SYDB.CO, Danske Bank DANSKE.CO fall 2.5%-4.8%