India, April 8 -- The Australian market is trading notably lower on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with weakness in mining and technology stocks partially offset by gains in energy and financial stocks.
The benchmark S&P/ASX 200 Index is losing 38.70 points or 0.43 percent to 8,913.10, after hitting a low of 8,904.90 earlier. The broader All Ordinaries Index is down 48.50 points or 0.53 percent to 9,117.20. Australian stocks ended sharply higher on Wednesday.
Among major miners, Rio Tinto and Mineral Resources are declining more than 2 percent each, while Fortescue is down almost ...