Erste Group Leads Czech Shares Higher as Spain Seeks Bank Rescue

Erste Group Bank AG (RBAG) led Czech shares higher after Spain requested a bailout for its banks and China’s exports beat estimates, boosting demand for riskier assets.

The Austrian lender climbed 2.7 percent to 375 koruna by 9:37 a.m. in Prague, adding to a 2.6 percent rally last week. The 14-member PX (PX) equity index, in which Erste has an 18 percent weighting, advanced 1 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at

To contact the editor responsible for this story: Gavin Serkin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.