{"id":78133,"date":"2026-09-08T03:30:20","date_gmt":"2026-09-08T03:30:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/09\/08\/australian-market-extends-early-losses-in-mid-market-70\/"},"modified":"2026-09-08T03:30:20","modified_gmt":"2026-09-08T03:30:20","slug":"australian-market-extends-early-losses-in-mid-market-70","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/09\/08\/australian-market-extends-early-losses-in-mid-market-70\/","title":{"rendered":"Australian Market Extends Early Losses In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from European <span class=\"landLinks\">markets<\/span> and lack of cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 index is falling to near the 8,950 level, with weakness in mining and financial stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is losing 53.30 points or 0.59 percent to 8,957.60, after hitting a low of 8,934.20 earlier. The broader All Ordinaries Index is down 54.70 points or 0.59 percent to 9,145.90. Australian stocks closed slightly higher on Monday.<\/p>\n<p>Among the major miners, Rio Tinto is losing almost 1 percent, Fortescue is declining more than 1 percent and BHP Group is edging down 0.4 percent, while Mineral Resources is gaining more than 1 percent.<\/p>\n<p>Oil stocks are mostly lower. Santos is edging up 0.3 percent, while Origin Energy and Woodside Energy are edging down 0.5 percent each. Beach energy is flat<\/p>\n<p>Among tech stocks, Afterpay owner Block, Zip and Appen are edging up 0.4 to 0.5 percent each, while Xero and WiseTech Global are losing almost 2 percent each.<\/p>\n<p>Gold miners are mostly lower. Evolution Mining, Resolute Mining and Genesis Minerals are losing almost 1 percent each, while Northern Star Resources is edging down 0.2 percent. Newmont is gaining almost 1 percent.<\/p>\n<p>Among the big four banks, ANZ Banking is declining more than 1 percent and National Australia Bank is edging down 0.4 percent, while Commonwealth Bank and Westpac are losing almost 1 percent each.<\/p>\n<p>In economic news, Australian consumer sentiment dropped 5.2 percent to 84.4 points in September 2026, driven by fears of rising interest rates and higher fuel costs, according to a survey by Westpac-Melbourne Institute. This is after a 6.0 percent gain in August. ?The index was down almost 12 percent from last year.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.721 on Tuesday. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Australian Market Extends Early Losses In Mid-market<\/a><br \/>\n<br \/>2026-09-08 03:30:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from European markets and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":78134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-78133","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=78133"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/78134"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=78133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=78133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=78133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}