European stocks fell again on Wednesday, amid worries of what looks like a Chinese market in free fall.<br /><br /> In Frankfurt, the Dax lost 1.6 percent and in London the Footsie dropped 2 percent.<br /><br /> European markets had bounced back yesterday after the Chinese central bank cut interest rates in a bid to stabilise its economy, but investors remain worried by signs of a Chinese slowdown and by pressures on prices following Beijing’s currency devaluation earlier this month.<br /><br /> In Shanghai, stocks dipped and rose erratically and ultimately ended down for the fifth straight session.<br /><br /> The Shanghai Composite index, which closed down 1.3 percent, has lost more than 20 percent over the past week.<br /><br /> A spark of light in the gloom, Japan’s Nikkei bounced back and closed up 3.2 percent.<br /><br /> Investors went bargain hunting after six straight sessions of decline, but analysts say that given the jitters on global markets this week, any rebound is likely to be a fragile one.
