India, April 16 -- The Australian stock market is trading modestly lower on Friday, following the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in gold miners and financial stocks partially offset by gains in energy and technology stocks.
The benchmark S&P/ASX 200 Index is losing 32.40 points or 0.36 percent to 8,922.60, after hitting a low of 8,910.10 earlier. The broader All Ordinaries Index is down 25.90 points or 0.28 percent to 9,147.70. Australian stocks closed modestly lower on Thursday.
Among major miners, Rio Tinto and BHP Group are edging down 0.3 to 0.4 percent each, while Mineral Resources is surging m...