Australian Market Trims Early Losses In Mid-market

(RTTNews) - The Australian stock market is trimming its early losses in mid-market trading on Wednesday, reversing the strong gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 7,500 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by mining and technology stocks. The benchmark S&P/ASX 200 Index is losing 103.30 points or 1.38 percent to 7,406.70, after hitting a low of 7,349.00 earlier. The broader All Ordinaries Index is down 108.10 points or 1.40 percent to 7,596.30. Australian stocks ended sharply higher on Tuesday.