Australian shares slip; investors cautious on euro woes, Rio results

Thu Feb 14, 2013 6:21pm EST

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SYDNEY, Feb 15 (Reuters) - Australian shares dipped 0.2
percent in early trade as the market consolidated recent strong
gains and investors remained cautious after weak euro zone
growth data and a $3 billion annual loss from Rio Tinto.
    Global iron ore miner Rio Tinto Ltd fell 2.6
percent to A$70.20, while rival BHP Billiton eased 1.0
percent.
    The benchmark S&P/ASX 200 index slipped 10.8 points
to 5,026.1 by 2314 GMT. The index hit a 4-1/2 year high on
Thursday, closing up 0.7 percent at 5,036.9 points. 
    New Zealand's benchmark NZX 50 index fell 1.1
percent, or 47.2 points to 4,192.

 (Reporting by Thuy Ong; Editing by Richard Pullin)
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