Australian Market Pares Early Losses In Mid-market

India, July 20 -- The Australian stock market is paring its early losses in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving up to near the 8,800 level, with gains in gold mining and technology stocks nearly offset by iron ore miners and financial stocks.

The benchmark S&P/ASX 200 Index is gaining 3.90 points or 0.04 percent to 8,795.20, after hitting a low of 8,733.00 earlier. The broader All Ordinaries Index is up 3.80 points or 0.04 percent to 8,978.50. Australian stocks closed slightly lower on Monday.

Among the major miners, Fortescue is down almost 1 percent, Mineral Resources is slipping m...