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Erste Group Leads Czech Shares Higher as Spain Seeks Bank Rescue

Erste Group Bank AG 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 equity index, in which Erste has an 18 percent weighting, advanced 1 percent.

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