India, July 8 -- The Australian stock market is halving its early losses in mid-market moves on Wednesday, reversing the slight gains in the previous session, with the benchmark S&P/ASX 200 staying below the 8,600 level, following the mixed cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
Financial stocks are weak after the Reserve Bank of Australia's unexpected decision to hold interest rates at 3.85 percent.
US President Donald Trump also ramped up his protectionist trade war by threatening 50 percent tariffs on copper imports, which is expected to hit mining giants BHP and Rio Tinto who jointly own the Escondida mine in Chile, which is the world's l...