Komercni Banka Drops From Three-Week High on Chinese GDP Outlook

Komercni Banka AS (KOMB), the Czech unit of Societe Generale SA, slid from a three-week high as China cut its target for economic growth this year, driving investors from riskier assets worldwide.

The stock dropped 1.2 percent to 3,675 koruna by 10:05 a.m. in Prague, snapping a four-day rally. The PX (PX) equity gauge, where Komercni has a 17 percent weighting, declined 0.7 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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