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The Australian market is trimming its early losses in mid-market moves on Thursday, giving up the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling well below the 7,900 level, with weakness across most sectors led by mining and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 87.10 points or 1.10 percent to 7,847.40, after hitting a low of 7,768.00 earlier. The broader All Ordinaries Index is down 91.90 points or 1.13 percent to 8,041.20. Australian stocks ended slightly higher on Wednesday. <\/p>\n Among major miners, Mineral Resources is slipping almost 7 percent Rio Tinto is declining almost 3 percent, while BHP Group and Fortescue Metals are losing more than 2 percent each.<\/p>\n Oil stocks are mostly lower. Woodside Energy and Santos are losing more than 2 percent each, while Origin Energy is down almost 1 percent and Beach energy is declining almost 2 percent.<\/p>\n In the tech space, Afterpay owner Block is down more than 1 percent, Appen is declining more than 3 percent and Zip is slipping more than 7 percent, while WiseTech Global and Xero are losing more than 2 percent each.<\/p>\n Among the big four banks, Commonwealth Bank is edging down 0.3 percent and Westpac is losing more than 1 percent, while National Australia Bank and ANZ Banking are declining almost 2 percent each.<\/p>\n Among gold miners, Gold Road Resources down almost 1 percent, Resolute Mining is declining almost 3 percent and Evolution Mining is losing almost 1 percent, while Northern Star Resources and Newmont are adding more than 2 percent each.<\/p>\n In economic news, the services sector in Australia continued to expand in March, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a services PMI score of 51.6. That’s up from 50.8 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.<\/p>\n In the currency market, the Aussie dollar is trading at $0.627 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n