{"id":64831,"date":"2025-10-01T03:37:36","date_gmt":"2025-10-01T03:37:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/01\/australian-market-extends-early-losses-in-mid-market-26\/"},"modified":"2025-10-01T03:37:36","modified_gmt":"2025-10-01T03:37:36","slug":"australian-market-extends-early-losses-in-mid-market-26","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/01\/australian-market-extends-early-losses-in-mid-market-26\/","title":{"rendered":"Australian Market Extends Early Losses In Mid-market"},"content":{"rendered":"
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The Australian stock market is extending its early losses in mid-market moves on Wednesday after opening in the red and briefly treading into the green, snapping a three-session winning streak, with the benchmark S&P\/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness across most sectors led by financial and technology<\/span> stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 34.30 points or 0.39 percent to 8,814.50, after hitting a low of 8,809.00 and a high of 8,86430 earlier. The broader All Ordinaries Index is down 30.40 points or 0.33 percent to 9,105.50. Australian stocks ended modestly lower on Tuesday.<\/p>\n

Among major miners, BHP Group is losing more than 1 percent, Mineral Resources is tumbling more than 4 percent and Rio Tinto is edging down 0.1 percent, while Fortescue is gaining almost 2 percent.<\/p>\n

Oil stocks are mostly lower. Woodside Energy is declining more than 1 percent, Beach energy is losing almost 1 percent and Origin Energy is edging down 0.4 percent, while Santos is edging up 0.2 percent.<\/p>\n

In the tech space, Afterpay owner Block is tumbling more than 6 percent, Appen is losing almost 2 percent, Xero is declining almost 1 percent and Zip is edging down 0.1 percent. WiseTech Global is flat.<\/p>\n

Among the big four banks, Commonwealth Bank, ANZ Banking and National Australia bank are losing almost 1 percent each, while Westpac is declining more than 1 percent.<\/p>\n

Among gold miners, Northern Star Resources is edging up 0.5 percent and Resolute Mining is gaining more than 1 percent, while Newmont is edging down 0.2 percent. Gold Road Resources is delisted after its acquisition by Gold Fields. Evolution Mining is flat<\/p>\n

In other news, shares in Bravura Solutions are rocketing almost 18 percent after upgrading its earnings guidance for the full-year 2026.<\/p>\n

In economic news, the manufacturing sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 51.4. That’s down from 51.6 in August, although it remains 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 $0.660 on Wednesday. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n