European stocks fell on Thursday, erasing gains that had pushed markets to all-time highs, as financial and industrial shares declined and investors digested a flurry of corporate earnings.

* The pan-European STOXX 600 index closed down 0.5% at 618.52 points, with most national indices also reversing course to end in negative territory.

* The financial sector weighed heavily on the index, with the banking sub-index falling 1.8%. HSBC and Banco Santander both lost more than 2%.

* The industrial goods and services sub-index dropped 1.2%, with Dutch payment processor Adyen plunging 21.9%—its biggest single-day fall in over two years—after issuing cautious forecasts.

* DSV, the world's largest freight forwarder, suffered its steepest drop in about six years, sinking 10.5%.

* Despite Thursday's sharp losses, the STOXX 600 is up 4.4% so far this year, having weathered challenges such as trade tensions between the United States and Europe over Greenland and recent selloffs in commodities and technology stocks.

(Reporting by Avinash P, Johann M Cherian and Ragini Mathur in Bangalore; Spanish edition by Javier López de Lérida)