The Australian stock market is extending its early losses in mid-market trading on Tuesday, after the relatively flat close in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling well below the 8,800 level, with weakness in mining and financial stocks partially offset by gains in energy stocks.
The benchmark S&P/ASX 200 Index is losing 45.80 points or 0.52 percent to 8,762.70, after hitting a low of 8,758.60 earlier. The broader All Ordinaries Index is down 49.40 points or 0.55 percent to 8,953.60. Australian stocks closed relatively flat on Monday.
Among the major miners, Fortescue and Rio Tinto are edging down 0.3 to 0.4 percent each, while Mineral Resources and BHP Group are edging up 0.3 to 0.4 percent each.
Oil stocks are mostly higher. Beach energy is gaining more than 3 percent, Woodside Energy is advancing almost 4 percent, Origin Energy is up more than 1 percent and Santos is adding more than 2 percent.
Among tech stocks, Afterpay owner Block is gaining almost 2 percent, WiseTech Global is advancing almost 2 percent and Appen is up almost 1 percent, while Zip is losing more than 1 percent and Xero is down almost 1 percent.
Gold miners are mostly lower. Evolution Mining is losing more than 2 percent, Newmont is down almost 1 percent and Genesis Minerals is declining almost 2 percent, while Resolute Mining and Northern Star Resources are slipping more than 3 percent each.
Among the big four banks, Commonwealth Bank and National Australia Bank are down almost 1 percent each, while ANZ Banking and Westpac are losing more than 2 percent each.
In the currency market, the Aussie dollar is trading at $0.692 on Tuesday.
Market Analysis
Australian Market Extends Early Losses In Mid-market
2026-07-14 03:43:37
