India, June 12 -- The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
The benchmark S&P/ASX 200 Index is losing 22.20 points or 0.22 percent to 8,542.90, after touching a high of 8,577.40 and a low of 8,525.40 earlier. The broader All Ordinaries Index is down 30.60 points or 0.35 percent to 8,765.40. Australian stocks closed modestly lower on Thursday.
Among major miners, BHP Group is declining more than 2 percent, Fortescue Metals is edging down...