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The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology<\/span> stocks partially offset by strong gains in mining stocks.<\/p>\n Meanwhile, Australia has avoided the harshness of the tariffs as Trade Minister Don Farrell confirmed that the US maintained a baseline 10 percent tariff on Australian exports to the US, the lowest rate among impacted countries.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 21.10 points or 0.24 percent to 8,640.90, after hitting a low of 8,630.90 earlier. The broader All Ordinaries Index is down 19.40 points or 0.22 percent to 8,897.70. Australian stocks closed significantly lower on Friday.<\/p>\n Among the major miners, Fortescue is gaining more than 1 percent and Mineral Resources is adding almost 1 percent, while Rio Tinto and BHP Group are edging up 0.1 to 0.4 percent each.<\/p>\n Oil stocks are mostly lower. Origin Energy and Santos are edging down 0.1 to 0.3 percent each, while Woodside Energy is losing more than 1 percent. Beach energy is gaining 3.5 percent. <\/p>\n Among tech stocks, Afterpay owner Block is declining 4.5 percent, WiseTech Global is losing almost 2 percent, Appen is down more than 1 percent, Zip is slipping 1.5 percent and Xero is edging down 0.1 percent.<\/p>\n Gold miners are mostly higher. Northern Star Resources is surging more than 6 percent, Newmont is up almost 1 percent, Gold Road Resources is gaining more than 2 percent, Evolution Mining is adding 4.5 percent and Resolute Mining is jumping almost 6 percent.<\/p>\n Among the big four banks, National Australia Bank, Westpac and ANZ Banking are losing more than 1 percent each, while Commonwealth Bank is losing almost 1 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.648 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n