\n<\/p>\n
The Australian stock market is maintaining its early losses in mid-market moves on Wednesday, extending the losses in the previous five sessions, with the benchmark S&P\/ASX 200 falling below the 9,050 level, following the broadly negative cues from Wall Street overnight, with weakness in mining and financial stocks partially offset by gains in energy stocks.<\/p>\n
The benchmark S&P\/ASX 200 Index is losing 39.50 points or 0.44 percent to 9,030.50, after hitting a low of 9,019.50 earlier. The broader All Ordinaries Index is down 40.70 points or 0.44 percent to 9,233.50. Australian stocks ended slightly lower on Tuesday.<\/p>\n
Among major miners, BHP Group is losing almost 2 percent, Mineral Resources is down almost 1 percent and Rio Tinto is edging down 0.4 percent, while Fortescue is gaining more than 1 percent.<\/p>\n
Oil stocks are mostly higher. Woodside Energy, Origin Energy and Santos are gaining almost 1 percent each, while Beach energy is down almost 1 percent.<\/p>\n
In the tech space, Afterpay owner Block is edging down 0.5 percent, Zip is losing more than 1 percent and Appen is down more than 1 percent, while WiseTech Global is edging up 0.4 percent and Xero is adding almost 1 percent. <\/p>\n
Among the big four banks, Westpac and ANZ Banking are losing almost 1 percent each, while Commonwealth Bank and National Australia bank edging down 0.1 to 0.2 percent each.<\/p>\n
Among gold miners, Evolution Mining, Resolute Mining and Newmont are losing almost 2 percent each, while Northern Star Resources and Genesis Minerals are down more than 2 percent each.<\/p>\n
In the currency market, the Aussie dollar is trading at $0.708 on Wednesday. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n