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The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P\/ASX 200 index is falling well below the 8,950.00 level, with weakness in gold miners, financial and technology<\/span> stocks partially offset by gains in energy stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 48.70 points or 0.54 percent to 8,911.90, after hitting a low of 8,889.60 earlier. The broader All Ordinaries Index is down 56.70 points or 0.62 percent to 9,099.10. Australian stocks closed slightly lower on Friday. <\/p>\n Among the major miners, Rio Tinto and BHP Group are edging up 0.1 to 0.4 percent each, while Fortescue is gaining almost 1 percent. Mineral Resources is losing almost 1 percent.<\/p>\n Oil stocks are mostly higher. Beach energy is gaining almost 4 percent, Woodside Energy is adding more than 3 percent and Santos is advancing more than 2 percent, while Origin Energy is losing almost 1 percent.<\/p>\n Among tech stocks, Afterpay owner Block is declining almost 3 percent, WiseTech Global is losing more than 2 percent, Appen is slipping almost 4 percent, Zip is tumbling almost 6 percent and Xero is down almost 2 percent.<\/p>\n Gold miners are lower. Northern Star Resources and Evolution Mining are losing almost 4 percent each, while Resolute Mining is slipping more than 4 percent, Newmont is down more than 1 percent and Genesis Minerals is declining almost 3 percent.<\/p>\n Among the big four banks, Commonwealth Bank is edging down 0.3 percent and National Australia Bank is losing more than 1 percent, while ANZ Banking and Westpac are down almost 1 percent each.<\/p>\n In the currency market, the Aussie dollar is trading at $0.703 on Monday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n