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The Australian market is swinging to notable gains in mid-market moves on Thursday, after opening in the red, snapping a three-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 9,000 level, with gains in mining and financial stocks partially offset by weakness in technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 47.50 points or 0.53 percent to 9,025.90, after hitting a low of 8,970.30 and a high of 9,027.90 earlier. The broader All Ordinaries Index is up 46.40 points or 0.51 percent to 9,206.70. Australian stocks ended significantly lower on Wednesday.<\/p>\n Among major miners, BHP Group is losing almost 1 percent. Fortescue and Mineral Resources are advancing almost 3 percent each, while Rio Tinto is adding almost 2 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy is losing almost 3 percent, Beach energy is down almost 1 percent and Santos is edging down 0.1 percent, while Origin Energy is edging up 0.4 percent. <\/p>\n In the tech space, Afterpay owner Block is surging more than 5 percent, while Xero is losing almost 1 percent, Zip is edging down 0.4 percent, WiseTech Global is declining almost 2 percent and Appen is slipping almost 3 percent.<\/p>\n Among the big four banks, ANZ Banking, Westpac and National Australia Bank are advancing almost 2 percent each, while Commonwealth Bank is gaining almost 1 percent.<\/p>\n Among gold miners, Evolution Mining and Northern Star Resources are gaining more than 2 percent each, while Resolute Mining is advancing almost 4 percent, Genesis Minerals are rising more than 3 percent and Newmont is adding almost 3 percent.<\/p>\n In other news, shares in Regis Healthcare are tumbling 28 percent after noted a 2.55% increase to the industry-wide government funding rate, with inflation and wage pressures running well ahead of this increase.<\/p>\n Shares in Corporate Travel Management are crashing 81 percent as trading resumed on the ASX after an extended year-long suspension since August 2025 after uncovering accounting issues that snowballed into a massive scandal.<\/p>\n In economic news, the services sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a Purchasing Managers Index score of 53.2. That’s down from 53.6 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the composite index eased to 52.7 in August from 53.2 in July.<\/p>\n In the currency market, the Aussie dollar is trading at $0.717 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n