Australian Market Trims Early Losses In Mid-market

(RTTNews) - The Australian market is trimming its early losses in mid-market moves on Thursday, giving up the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,900 level, with weakness across most sectors led by mining and technology stocks. The benchmark S&P/ASX 200 Index is losing 87.10 points or 1.10 percent to 7,847.40, after hitting a low of 7,768.00 earlier. The broader All Ordinaries Index is down 91.90 points or 1.13 percent to 8,041.20. Australian stocks ended slightly higher on Wednesday.