{"id":77416,"date":"2026-08-21T03:25:30","date_gmt":"2026-08-21T03:25:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/08\/21\/australian-market-extends-early-losses-in-mid-market-68\/"},"modified":"2026-08-21T03:25:30","modified_gmt":"2026-08-21T03:25:30","slug":"australian-market-extends-early-losses-in-mid-market-68","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/08\/21\/australian-market-extends-early-losses-in-mid-market-68\/","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 Friday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling well below the 9,100 level, with weakness in financial and technology<\/span> stocks partially offset by gains in gold miners and energy stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 33.30 points or 0.37 percent to 9,050.50, after hitting a low of 9,049.30 earlier. The broader All Ordinaries Index is down 37.10 points or 0.40 percent to 9,261.40. Australian stocks closed modestly higher on Thursday.<\/p>\n

Among major miners, Rio Tinto is gaining almost 1 percent and Fortescue is adding more than 1 percent, while BHP Group is losing almost 1 percent and Mineral Resources is edging down 0.4 percent.<\/p>\n

Oil stocks are mostly higher. Woodside Energy, Beach energy and Santos are advancing almost 2 percent each, while Origin Energy is gaining almost 1 percent.<\/p>\n

Among tech stocks, Afterpay and Square-owner Block is sliding more than 2 percent, Zip is tumbling almost 7 percent, WiseTech Global is losing more than 1 percent and Appen is edging down 0.3 percent, while Xero is edging up 0.3 percent.<\/p>\n

Among the big four banks, Commonwealth Bank, ANZ Banking and Westpac are edging down 0.1 to 0.2 percent each, while National Australia Bank is losing almost 1 percent.<\/p>\n

Gold miners are mostly higher. Evolution Mining is gaining more than 1 percent and Newmont is up almost 1 percent, while and Resolute Mining and Genesis Minerals are advancing almost 2 percent each. Northern Star Resources is losing almost 1 percent.<\/p>\n

In economic news, the manufacturing sector in Australia continued to expand in July, and at a steady pace, the latest survey from S&P Global revealed on Friday with a manufacturing purchasing managers index score of 52.0. That’s unchanged from the June reading, and it remains above the boom-or-bust line of 50 that separates expansion from contraction.<\/p>\n

The survey also showed that the services PMI came in 52.9, down from 53.6 in the previous month, and the composite PMI slipped to 52.5 from 53.2.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.714 on Friday. <\/p>\n<\/p>\n

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