(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window)
Sept 25 (Reuters) - European shares opened lower on
Wednesday as a rally sparked by China's stimulus package lost
steam, while falls in technology and oil stocks also added to
the losses.
The pan-European STOXX 600 index was down 0.3% at
518.06, as of 0712 GMT, after gaining nearly 1% in the previous
session.
In Asia, Chinese stocks extended their stimulus-fuelled
rally to a second day, while other markets struggled for
direction.
SAP declined 3.5% after a report said the German
software developer was under investigation in the United States
for alleged price-fixing. The stock weighed the most on the
benchmark and dragged the technology sub-index down by 0.8%.
The oil and gas sector led sectoral declines, losing
0.9% on worries that China's stimulus plans did not have enough
to boost demand.
France's CAC 40 ticked 0.7% lower after gaining more
than 1% in the previous session. Data showed consumer confidence
in the country increased in September. The country's employment
data is due at 1000 GMT.
Official data showed Sweden's producer price index was up
0.6% in August from July. Its benchmark OMXS 30 was
trading flat.
Among other notable stock moves, Valmet Oyj ( VOYJF )
surged 9.2% after the Finnish engineering company secured an
order worth more than 1 billion euros in Brazil.
(Reporting by Pranav Kashyap in Bengaluru; Editing by
Subhranshu Sahu)