(Reuters) - Rio Tinto was down 2.7 percent to A$92.88 in afternoon trading after surging to a record high on Wednesday when the rumor sparked a dash for Rio stock. BHP dipped 0.25 percent to A$31.85.
"I think it's normal market reaction. It was just one of those market rumors that can run hot and cold," said Greg Goodsell, equity strategist at ABN AMRO.
Read more at Reuters.com Business News
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