Renewed Ukraine jitters spark profit taking in Europe shares

jueves 28 de agosto de 2014 07:21 GYT

* FTSEurofirst 300 down 0.8 pct, Euro STOXX 50 down 1.2 pct

* Poroshenko says Russian forces brought into Ukraine

* Mining shares drop as iron ore prices sink

By Blaise Robinson

PARIS, Aug 28 (Reuters) - European stocks fell on Thursday as renewed worries over turmoil in Ukraine prompted investors to cash in some gains following a sharp 2-1/2 week rally.

The sell-off accelerated around midday after Ukrainian president said Russian forces had been "brought into Ukraine".

In a statement on the presidential website, Petro Poroshenko called an urgent meeting of the Ukraine's security and defence council to decide the next steps to take in the crisis.

At 1110 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 1,367.14 points. The benchmark index had surged 6.3 percent since a low hit on Aug 8.

"Geopolitics is driving the market again, and this latest escalation in Ukraine comes as European stocks were ripe for a pull-back," said Alexandre Baradez, chief market analyst at IG France.   Continuación...