UPDATE 1-Banks, luxury stocks hammered as Chinese trade fears hit Europe <!-- no image --> <div>* Burberry edges up despite sales drop, dividend pull (Adds comment, updates prices)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gmEXWTYJKaw:gv5irHWPx9k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gmEXWTYJKaw:gv5irHWPx9k:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=gmEXWTYJKaw:gv5irHWPx9k:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=gmEXWTYJKaw:gv5irHWPx9k:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=gmEXWTYJKaw:gv5irHWPx9k:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/gmEXWTYJKaw" height="1" width="1" alt=""></div> Posted by Reuters