Australian shares were buoyed by US-China trade talks, despite neither nation budging on tariffs. -AAP Image
The Australian share market has pared early gains as hopes of a US-China trade deal gave way to caution.
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The S&P/ASX200 closed up 6.6 points, or 0.08 per cent, to 8,237.8, as the broader All Ordinaries rose 8.3 points, or 0.1 per cent, to 8,470.9.
The top-200 lifted as much as 0.57 per cent to a 10-week high on the back of long-awaited US-China trade talks, but fell away by the afternoon with US officials promising more details overnight.
Five of 11 local sectors finished higher, with energy and materials stocks pushing the bourse higher with gains of 2.4 per cent and 1.1 per cent respectively, as financials grinded 0.1 per cent lower.
The Australian dollar, which snapped its four-week winning streak last week, is buying 64.37 US cents, up from 63.97 US cents on Friday at 5pm.
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