India, May 27 -- The Australian market is trading significantly lower on Thursday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,650 level, with weakness across most sectors led by gold miners and technology stocks.
The benchmark S&P/ASX 200 Index is losing 74.00 points or 0.85 percent to 8,643.70, after hitting a low of 8,638.20 earlier. The broader All Ordinaries Index is down 74.90 points or 0.84 percent to 8,870.30. Australian stocks ended notably higher on Wednesday.
Among major miners, Rio Tinto is declining almost 2 percent, Fortescue is losing more than 1 percent, BHP Group is edging down 0.4 percent and Mineral Resources ...