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Erste Group Bank AG (RBAG) dropped, leading Czech shares to a two-month low as concern that the U.S. Federal Reserve may refrain from more monetary stimulus hurt demand for riskier assets.
The stock fell 3.6 percent to 408 koruna by 10:23 a.m. in Prague, poised for its lowest close since Jan. 25. The 14-member PX (PX) equity gauge, where Erste has an 18 percent weighting, slid 0.9 percent to 956.50, headed for the lowest since Jan. 30.
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