Australian Market Expands Early Losses In Mid-market

India, Aug. 9 -- The Australian stock market is expanding its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 9,250.00 level, with weakness in energy and financial partially offset by gains in mining stocks.

The benchmark S&P/ASX 200 Index is losing 42.00 points or 0.45 percent to 9,221.60, after hitting a low of 9,204.50 earlier. The broader All Ordinaries Index is down 34.30 points or 0.36 percent to 9,410.80. Australian stocks closed slightly lower on Friday.

Among the major miners, Fortescue is edging up 0.3 percent, Mineral Resources is advancing almost 2 percent, R...