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The Australian stock market is extending its early losses in mid-market moves on Friday, reversing some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,750 level, with weakness in mining, financial and energy stocks partially offset by gains in technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 149.90 points or 1.69 percent to 8,728.20, after hitting a low of 8,723.90 earlier. The broader All Ordinaries Index is down 144.60 points or 1.59 percent to 8,962.40. Australian stocks closed significantly higher on Thursday.<\/p>\n Among major miners, Rio Tinto and Mineral Resources are down more than 1 percent each, while Fortescue is declining almost 1 percent and BHP Group is losing more than 2 percent.<\/p>\n Oil stocks are weak. Woodside Energy is down almost 1 percent and Santos is slipping more than 1 percent, while Beach energy and Origin Energy are losing more than 2 percent each.<\/p>\n Among tech stocks, Afterpay and Square-owner Block and Appen are surging more than 5 percent each, whileWiseTech Global and Zip are declining almost 3 percent each. Xero is edging up 0.2 percent.<\/p>\n Among the big four banks, National Australia Bank is down almost 3 percent and ANZ Banking is losing more than 1 percent, while Westpac and Commonwealth Bank are declining more than 2 percent each.<\/p>\n Gold miners are mostly lower. Northern Star Resources is slipping almost 2 percent, Resolute Mining is declining almost 3 percent, Newmont is edging down 0.2 percent and Evolution Mining is losing almost 1 percent, while Genesis Minerals is edging up 0.3 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.721 on Friday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n