European shares pegged back as China, Ukraine concerns mount
* FTSEurofirst 300 falls 1.3 percent
* Risk of pick-up in China defaults could slow growth
* Russia-exposed stocks hit again as sanctions talk builds
* Tod's weighs on luxury sector after earnings
By Alistair Smout
LONDON, March 12 (Reuters) - European shares fell on Wednesday, with cyclical stocks retreating on concerns over Chinese growth, persistent tensions in Ukraine and below-forecast earnings reports.
Miners, carmakers and luxury stocks, which are sensitive to global growth trends, came under the most pressure as the pan-European FTSEurofirst 300 fell 1.3 percent to 1,304.34 points.
The basic resources sector dropped 1.8 percent after Shanghai copper fell by its 5 percent daily limit on concerns over credit markets in China, the world's biggest metals consumer.
London copper hit a 44-month low on growing concerns over credit-linked defaults in China, where copper is often put up as collateral for lending. Continuación...