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[MARKET UPDATE] ASX 200 is on the front foot with gains of 0.3% in early trade, although Rio Tinto shares slipped more than 6% following confirmation of merger talks with Glencore (GLEN)

The ASX 200 showing modest gains indicates a generally positive sentiment in early trade, but the drop in Rio Tinto's shares following merger talks with Glencore suggests market caution regarding the deal's potential impact.

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[MARKET UPDATE] ASX 200 is on the front foot with gains of 0.3% in early trade, although Rio Tinto shares slipped more than 6% following confirmation of merger talks with Glencore (GLEN)

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This sharp decline could reflect investor concerns about the strategic fit or valuation, which might weigh on sector sentiment and drive peers' stock movement in the metals and mining space.

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