Aussie share market continues record run

Sydney -- The Australian share market has continued its week-long record run with key indicators adding 14 points.

Mining stocks cooled after Rio Tinto denied speculation it was the subject of a takeover bid by BHP Billiton worth at least $100 billion.

Rio Tinto shares dropped 3 percent to close at $76.45.

But the All Ordinaries Index closed up 14 points to a record 6,352 and the ASX-200 added 14 points to finish at a record 6,356.

The news the Australian unemployment rate was at a 33-year low of 4.4 percent pushed the Aussie dollar up to 83.3 U.S. cents while against the Japanese yen it hit its highest mark in 15 years, trading at 100 yen.

In commodities, spot gold fetched $679 an ounce and a barrel of West Texas crude oil sold at $61.50 a barrel.

Copyright 2007 by United Press International.