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The Australian stock market is halving its early losses in mid-market moves on Friday, snapping a three-session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,950 level, with weakness across most sectors led by mining and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 26.60 points or 0.30 percent to 8,946.60, after hitting a low of 8,905.20 earlier. The broader All Ordinaries Index is down 30.70 points or 0.34 percent to 9,138.20. Australian stocks closed modestly higher on Thursday.<\/p>\n Among major miners, Mineral Resources is down almost 1 percent, BHP Group is edging down 0.4 percent and Fortescue is losing almost 2 percent, while Rio Tinto is edging up 0.2 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy and Santos are declining almost 2 percent each, while Origin Energy is edging down 0.3 percent and Beach energy is losing more than 2 percent.<\/p>\n Among tech stocks, Afterpay-owner Block is edging up 0.3 percent. Xero is slipping almost 3 percent and Appen is losing almost 1 percent, while Zip and WiseTech Global are declining more than 2 percent each.<\/p>\n Among the big four banks, National Australia Bank, Westpac and Commonwealth Bank are edging up 0.1 to 0.2 percent each, while ANZ Banking is edging down 0.1 percent.<\/p>\n Gold miners are weak. Evolution Mining is losing almost 2 percent, while Newmont and Resolute Mining are edging down 0.1 to 0.2 percent each. Genesis Minerals is edging up 0.2 percent and Northern Star Resources is flat.<\/p>\n In the currency market, the Aussie dollar is trading at $0.707 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n