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The Australian stock market is slipping to modest losses in mid-market trading on Tuesday after opening in the green, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,950 level, with weakness in gold miners and energy stocks nearly offset by gains in technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 10.90 points or 0.12 percent to 8,942.40, after touching a high of 8,976.10 earlier. The broader All Ordinaries Index is down 4.50 points or 0.05 percent to 9,169.60. Australian stocks ended slightly lower on Monday. <\/p>\n Among the major miners, BHP Group, Mineral Resources and Fortescue are edging down 0.1 to 0.3 percent each, while Rio Tinto is gaining almost 1 percent.<\/p>\n Oil stocks are weak. Woodside Energy, Beach energy and Santos are losing almost 2 percent each, while Origin Energy is edging up 0.1 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining more than 3 percent, Xero is adding almost 1 percent and WiseTech Global is edging up 0.3 percent, while Zip and Appen are advancing almost 3 percent each. <\/p>\n Gold miners are mostly weak. Evolution Mining is declining more than 2 percent, Genesis Minerals is losing more than 1 percent and Northern Star resources is down almost 2 percent, while Newmont is edging up 0.1 percent and Resolute Mining is adding almost 1 percent.<\/p>\n Among the big four banks, Westpac and Commonwealth Bank are edging down 0.3 to 0.4 percent each, while ANZ Banking is declining almost 2 percent. National Australia Bank is edging up 0.2 percent. Market Analysis<\/p>\n<\/div>\n
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In the currency market, the Aussie dollar is trading at $0.717 on Tuesday. <\/p>\n<\/p>\n