Erste Group Bank AG (RBAG) of Austria led Czech shares lower after the U.S. Federal Reserve failed to signal more quantitative-easing measures to spur growth in the world’s largest economy, driving investors from riskier assets.
The stock slid 1.6 percent to 377 koruna by 9:42 a.m. in Prague, snapping two days of gains. The 14-member PX (PX) index, in which Erste has a 20 percent weighting, dropped 0.6 percent.
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