The Australian stock market is trimming its early losses in mid-market moves on Friday, following 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 8,950 level, with weakness in gold miners and financial stocks partially offset by gains in energy and technology stocks.
The benchmark S&P/ASX 200 Index is losing 30.70 points or 0.44 percent to 8,924.30, after hitting a low of 8,902.40 earlier. The broader All Ordinaries Index is down 27.80 points or 0.30 percent to 9,145.80. Australian stocks closed modestly lower on Thursday.
Among major miners, Rio Tinto and BHP Group are edging down 0.3 to 0.4 percent each, while Mineral Resources is surging more than 5 percent and Fortescue is gaining almost 1 percent.
Oil stocks are mostly higher. Woodside Energy and Santos are gaining almost 1 percent each, while Beach energy is edging up 0.2 percent. Origin Energy is edging down 0.5 percent.
Among tech stocks, Afterpay-owner Block and Xero are gaining more than 1 percent each, while WiseTech Global is adding almost 1 percent, Appen is advancing almost 2 percent and Zip is soaring almost 12 percent after the consumer lender it upgraded its guidance for the full-year 2026 following the strong third quarter.
Among the big four banks, National Australia Bank and Commonwealth Bank are losing almost 1 percent each, while Westpac is declining more than 1 percent and ANZ Banking is edging down 0.4 percent. Gold miners are mostly lower. Northern Star Resources is declining more than 1 percent, Evolution Mining is losing more than 3 percent, Newmont is edging up 0.1 percent and Resolute Mining is down more than 1 percent, while Genesis Minerals is gaining more than 1 percent.
In the currency market, the Aussie dollar is trading at $0.716 on Friday.
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Market Analysis
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.