{"id":76994,"date":"2026-08-12T03:19:26","date_gmt":"2026-08-12T03:19:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/08\/12\/australian-market-extends-early-losses-in-mid-market-65\/"},"modified":"2026-08-12T03:19:26","modified_gmt":"2026-08-12T03:19:26","slug":"australian-market-extends-early-losses-in-mid-market-65","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/08\/12\/australian-market-extends-early-losses-in-mid-market-65\/","title":{"rendered":"Australian Market Extends Early Losses In Mid-market"},"content":{"rendered":"
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The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous session, with the benchmark S&P\/ASX 200 falling below the 9,200 level, following the broadly negative cues from Wall Street overnight, with weakness in iron ore miners, energy, financial and technology<\/span> stocks partially offset by gains in gold miner stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 57.50 points or 0.62 percent to 9,193.10, after hitting a low of 9,191.80 earlier. The broader All Ordinaries Index is down 52.90 points or 0.56 percent to 9,390.80. Australian stocks ended modestly higher on Tuesday.<\/p>\n

Among major miners, BHP Group, Fortescue and Rio Tinto are losing almost 1 percent each, while Mineral Resources is gaining almost 2 percent.<\/p>\n

Oil stocks are mostly lower. Origin Energy is gaining more than 3 percent, while Beach energy is losing almost 1 percent, Woodside Energy is down more than 1 percent and Santos is edging down 0.3 percent.<\/p>\n

In the tech space, Afterpay owner Block is losing almost 1 percent, WiseTech Global is edging down 0.3 percent, Appen is slipping almost 3 percent and Xero is declining more than 1 percent, while Zip is gaining almost 1 percent.<\/p>\n

Among the big four banks, ANZ Banking, Westpac and Commonwealth Bank are losing more than 1 percent each, while National Australia bank is down almost 1 percent.<\/p>\n

Among gold miners, Evolution Mining and Genesis Minerals are up almost 1 percent each, while Resolute Mining and Northern Star Resources are gaining more than 1 percent each. Newmont is adding almost 2 percent.<\/p>\n

In other news, shares in Seek are tumbling more than 14 percent after a jump in profit for the online job advertiser was marred by a $200 million write-down of software-as-a-service investments in its Seek Growth Fund in its full-year result.<\/p>\n

Shares in Bravura Solutions are surging almost 15 percent after the financial technology company posted a nearly 50 percent surge in profits in its full-year results.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.706 on Wednesday. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n