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The Australian market is extending its early losses in mid-market moves on Thursday, but reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling below the 8,650 level, with weakness across most sectors led by gold miners and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 96.30 points or 1.11 percent to 8,621.40, after hitting a low of 8,620.00 earlier. The broader All Ordinaries Index is down 95.80 points or 1.08 percent to 8,849.40. Australian stocks ended notably higher on Wednesday.<\/p>\n Among major miners, Rio Tinto is declining almost 2 percent, Fortescue is losing more than 1 percent, BHP Group is edging down 0.4 percent and Mineral Resources is down almost 1 percent.<\/p>\n Oil stocks are mostly lower. Beach energy is down more than 1 percent and Santos is edging down 0.3 percent, while Woodside Energy and Origin Energy are losing almost 1 percent each.<\/p>\n In the tech space, Afterpay owner Block is gaining more than 2 percent, while WiseTech Global is losing almost 2 percent, Zip is slipping almost 1 percent, Xero is down more than 1 percent and Appen is edging down 0.4 percent.<\/p>\n Among the big four banks, Commonwealth Bank, National Australia Bank, Westpac and ANZ Banking are all losing more than 1 percent each.<\/p>\n Among gold miners, Evolution Mining and Northern Star Resources are declining more than 3 percent each, while Newmont is tumbling more than 5 percent, Genesis Minerals is slipping more than 4 percent and Resolute Mining is sliding more than 6 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.712 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n