India, April 6 -- The Australian stock market is nearly halving its early sharp losses in mid-market trading on Monday, extending the sharp losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is tumbling almost 4 percent to below the 7,4000 level, with strong losses across all sectors led by mining and energy stocks as the global trade war ignited by the U.S. raises fears of a global recession.
The benchmark S&P/ASX 200 Index is losing 304.00 points or 3.97 percent to 7,363.80, after hitting a low of 7,169.20 earlier. The broader All Ordinaries Index is down 309.30 points or 3.94 percent to 7,538.30. Australian stocks closed sharply lower on Friday.
Among the...