The Australian stock market continues to decline, with the S&P/ASX 200 falling below 8,750 due to negative cues from Wall Street. Major miners like Rio Tinto and BHP Group are seeing losses, while oil stocks and tech stocks are also weak. Among the big four banks, ANZ Banking and National Australia Bank are down. Gold miners like Evolution Mining and Northern Star Resources are also seeing declines. Shares in REA Group are falling over 10% after missing financial expectations, and Web Travel Group is plummeting almost 29% due to a tax audit. The Aussie dollar is trading at $0.694.

Read more at Nasdaq: Australian Market Extends Early Strong Losses In Mid-market