European shares dropped on Wednesday amid lingering concerns from China, despite a surprise interest rate cut by the Chinese central bank on Tuesday.
Equities in Europe tracked losses in Chinese shares, which plunged 1.27 percent, pulled down by bank and mining stocks.
Stoxx Europe 600 index slipped 1.63% to 350.56 points, as investors still weigh the impact of the interest rate cut.
Germany’s DAX plummeted 1.09 percent, France’s CAC 40 edged down 1.48 percent and Britain’s FTSE was down 1.51 percent to 5,989.71.
The euro traded lower versus the U.S. dollar for a second straight session around 1.1452, compared to the session’s opening at 1.1512.
Later in the day, the U.S. will release its durable goods data, while Federal Reserve Bank of New York President William Dudley will speak at a press conference.