{"id":79106,"date":"2026-10-01T03:35:12","date_gmt":"2026-10-01T03:35:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/10\/01\/australian-market-sharply-extends-early-losses-in-mid-market-4\/"},"modified":"2026-10-01T03:35:12","modified_gmt":"2026-10-01T03:35:12","slug":"australian-market-sharply-extends-early-losses-in-mid-market-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/10\/01\/australian-market-sharply-extends-early-losses-in-mid-market-4\/","title":{"rendered":"Australian Market Sharply Extends Early Losses In Mid-market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Australian market is sharply extending its early losses in mid-market moves on Thursday, snapping a three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&amp;P\/ASX 200 is falling well below the 8,600 level, with weakness across most sectors led by mining and financial stocks.<\/p>\n<p>The benchmark S&amp;P\/ASX 200 Index is losing 162.00 points or 1.84 percent to 8,627.30, after hitting a low of 8,624.70 earlier. The broader All Ordinaries Index is 162.40 points or 1.81 percent to 8,806.80. Australian stocks ended significantly higher on Wednesday.<\/p>\n<p>Among major miners, BHP Group is gaining almost 1 percent, while Mineral Resources is declining almost 2 percent, Fortescue is down almost 1 percent and Rio Tinto is losing more than 1 percent.<\/p>\n<p>Oil stocks are mostly lower. Woodside Energy and Beach energy are down more than 1 percent each, while Origin Energy and Santos are losing almost 1 percent each.<\/p>\n<p>In the tech space, Afterpay owner Block and Xero are edging down 0.3 percent each, while WiseTech Global is declining almost 2 percent and Appen is losing more than 1 percent. Zip is flat.<\/p>\n<p>Among the big four banks, ANZ Banking, Commonwealth Bank and Westpac are declining almost 2 percent each, while National Australia Bank is losing more than 2 percent.<\/p>\n<p>Among gold miners, Evolution Mining and Northern Star Resources are declining more than 2 percent each, while Resolute Mining is losing more than 3 percent, Genesis Minerals is down almost 2 percent and Newmont is slipping more than 1 percent.<\/p>\n<p>In other news, shares in Meteoric Resources are skyrocketing 53 percent after agreeing to be acquired by Lynas Rare Earths for $968 million. Lynas shares are down almost 5 percent.<\/p>\n<p>In economic news, the manufacturing sector in Australia fell into contraction territory in September, the latest survey from S&amp;P Global revealed on Thursday with a manufacturing PMI score of 49.6. That&#8217;s down from 52.0 in August and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.<\/p>\n<p>In the currency market, the Aussie dollar is trading at $0.695 on Thursday. <\/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 Sharply Extends Early Losses In Mid-market<\/a><br \/>\n<br \/>2026-10-01 03:35:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian market is sharply extending its early losses in mid-market moves on Thursday, snapping a three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&amp;P\/ASX&#8230;<\/p>\n","protected":false},"author":2,"featured_media":79107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-79106","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79106","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=79106"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/79107"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=79106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=79106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=79106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}