MILAN (Reuters) - European shares fell sharply on Thursday after the arrest of a Huawei [HWT.UL] top executive fed worries over a fresh build-up in the Sino-U.S. trade war, hitting export-oriented tech and auto stocks.
By 0817 GMT, the pan-regional STOXX 600 <.STOXX> index fell 1.2 percent, marching towards the lowest level since December 2016 it hit during the sell-off seen over the last two months.
The export oriented DAX <.GDAX> index, which has also a big exposure to China and has been hit recently by concerns over a slowdown in the world's No.2 economy, fell 1.5 percent.
Auto stocks <.SXAP> were the biggest sectoral fallers, down 2.7 percent at their lowest in more than 2 years, led by a 3.4 percent drop in German carmaker Daimler
Tech <.SX8P> was also heavily sold off as declines in chipmakers offset gains in Ericsson. Huawei supplier STMicro <.STMicro> fell 4.2 percent.
(Reporting by Danilo Masoni; Editing by Josephine Mason)