India, April 10 -- The Australian market is trimming its early sharp losses in mid-market moves on Friday, reversing some of the sharp gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling 1.5 percent to below the 7,600 level, with weakness across most sectors led by iron ore miners and technology stocks. Gold stocks were the only bright spot.
The benchmark S&P/ASX 200 Index is losing 111.80 points or 1.45 percent to 7,597.80, after hitting a low of 7,524.50 earlier. The broader All Ordinaries Index is down 110.40 points or 1.40 percent to 7,803.50. Australian stocks closed sharply higher on Thursday.
Among major miners, BHP Group and Rio Tinto are losing almost...