India, Oct. 19 -- The Australian stock market is significantly lower on Tuesday, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling well below the 8,800 level, with weakness across most sectors led by mining and financial stocks.
The benchmark S&P/ASX 200 Index is losing 81.60 points or 0.92 percent to 8,764.10, after hitting a low of 8,747.30 earlier. The broader All Ordinaries Index is down 76.30 points or 0.85 percent to 8,899.40. Australian stocks closed modestly higher on Monday.
Among the major miners, Rio Tinto is down almost 1 percent, BHP Group is losing more than 2 percent and Fortescue is edging down 0.3 percent, while Mineral...