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The Australian stock market is swinging to modest gains in mid-market moves on Wednesday after opening in the red, recouping some of the losses in the previous two sessions, with the benchmark S&P\/ASX 200 moving above the 8,900 level, following the mixed cues from Wall Street overnight, with strong gains in financial stocks partially offset by weakness in mining, energy and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 36.30 points or 0.41 percent to 8,932.50, after hitting a low of 8,857.80 earlier. The broader All Ordinaries Index is up 22.40 points or 0.24 percent to 9,196.20. Australian stocks ended notably lower on Tuesday.<\/p>\n Among major miners, BHP Group is losing almost 1 percent and Mineral Resources is declining more than 3 percent, while Fortescue is edging up 0.1 percent and Rio Tinto is gaining almost 1 percent.<\/p>\n Heavyweight miners came under pressure after a court blocked a key land transfer for Rio Tinto and BHP’s Resolution Copper project in Arizona.<\/p>\n Oil stocks are mostly lower. Woodside Energy is edging down 0.4 percent, Beach energy is losing more than 1 percent and Santos is declining more than 2 percent, while Origin Energy is edging up 0.5 percent.<\/p>\n In the tech space, Afterpay owner Block and Appen are declining more than 2 percent each, while Zip is slipping more than 3 percent, Xero is edging down 0.2 percent and WiseTech Global is losing more than 1 percent.<\/p>\n Among the big four banks, Westpac is advancing more than 2 percent, National Australia bank is rising more than 3 percent, ANZ Banking is gaining almost 3 percent and Commonwealth Bank is adding more than 1 percent.<\/p>\n Among gold miners, Evolution Mining and Gold Road Resources are edging down 0.2 percent each, while Northern Star Resources and Newmont are slipping more than 1 percent each. Resolute Mining is sliding almost 4 percent.<\/p>\n In other news, shares in James Hardie are plummeting almost 27 percent after reporting down beat quarterly results and disappointing earnings guidance.<\/p>\n Shares in Lynch Group are skyrocketing more than 24 percent after TPG Capital’s Hasfarm Holdings floated a $270 million takeover bid for the Australian flower company at $2.245 per share. <\/p>\n Shares in Magellan Financial are jumping more than 6 percent after it lifted annual dividend 12 percent, despite down beat results. <\/p>\n Shares in Lottery Corp. are surging almost 8 percent after the lottery and gaming operator reported upbeat full-year results and lifted dividend.<\/p>\n In the currency market, the Aussie dollar is trading at $0.644 on Wednesday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n