STOCKS NEWS EUROPE-Stocks sink early in broad retreat

European shares drop 1.7 percent early in a broad retreat, tracking falls in Asia where exporters got hit by a decline in the dollar which hit a 14-year low against the yen, while Europe's energy and mining shares take a beating as commodity prices fall.

At 0840 GMT, the FTSEurofirst 300 .FTEU3 is down 1.7 percent at 1,004.94.

Rio Tinto (RIO.L) is down 2.8 percent and Total (TOTF.PA) down 1.3 percent.

Banks also fall, with BNP Paribas (BNPP.PA) down 2.5 percent and HSBC (HSBA.L) down 2.9 percent.

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