Banks, luxury stocks hammered as Chinese trade fears hit Europe

(Reuters) - European shares fell on Friday as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the COVID-19 pandemic.Beijing on Thursday planned to impose a new security law in Hong Kong, raising prospects of fresh protests in the global financial hub and drawing a warning from U.S. President Donald Trump that Washington would react "very strongly".Rising tensions between the world's two largest economies have stalled a recovery in..