India, May 29 -- The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,400 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and technology stocks.
The benchmark S&P/ASX 200 Index is gaining 12.20 points or 0.15 percent to 8,422.00, after hitting a low of 8,384.10 earlier. The broader All Ordinaries Index is up 8.90 points or 0.10 percent to 8,646.70. Australian stocks closed modestly higher on Thursday.
Among major miners, Fortescue Metals is losing more than 1 percent, Rio Tinto is edging down 0.5 percent and Mineral ...