Australian Market Sharply Extends Early Losses In Mid-market

India, July 29 -- The Australian market is sharply extending its early losses in mid-market moves on Thursday, snapping a three session winning streak, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,000 mark, with weakness in gold miners partially offset by gains in financial stocks and a mixed performance across most other sectors.

The benchmark S&P/ASX 200 Index is losing 65.70 points or 0.73 percent to 8,972.90, after hitting a low of 8,972.30 earlier. The broader All Ordinaries Index is down 68.20 points or 0.74 percent to 9,131.50. Australian stocks ended significantly higher on Wednesday.

Among major miners, BHP Group is losing almost 1 percent and Fortescue is e...