Ukraine tensions send European stock investors running for cover
* FTSEurofirst 300 falls 2 pct, Euro STOXX 50 off 2.7 pct
* Volatility rises most since 2011 as investors buy protection
* Traders expect Ukraine resolution, uptrend to resume
By Francesco Canepa
LONDON, March 3 (Reuters) - Investors took fright at Russia's military intervention in neighbouring Ukraine on Monday, setting the pan-European FTSEurofirst 300 index on course for its second-biggest daily fall since June.
Companies exposed to the region, such as Austria's Raiffaisen Bank International, were among the top fallers.
"Investors had underestimated the risks of an escalation in Ukraine, so the events over the weekend are a wake-up call for the market," said David Thebault, head of quantitative sales trading at Global Equities in Paris.
Banks were among the top fallers, led by Raiffeisen, which has the largest exposure to Ukraine among European blue chips.
Companies with significant exposure to Russia, such as carmaker Renault and brewer Carlsberg, fell 5.9 percent and 5.4 percent. Continuación...