The S&P/ASX200 has posted its best result since mid-February. -AAP Image
The Australian share market has notched its highest close since mid-February as the United States narrows its focus on resolving trade trade tensions.
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The S&P/ASX200 jumped 54.7 points, or 0.64 per cent, to 8,468, as the broader All Ordinaries rose 54.8 points, or 0.63 per cent, to 8692.3.
The top 200 is within 1.2 per cent of its highest ever close after the White House flagged imminent trade talks with China and called for best-offer tariff rates from trade partners, signalling an urgency to seal trade deals before "Liberation Day" duties are imposed in five weeks time.
Nine of 11 local sectors closed higher, as financials led the charge with a 1.1 per cent gain and CBA notched a new intraday peak of $178.19.
The Australian dollar is weaker against the greenback, buying 64.63 US cents, on par with Monday but slipping after dovish Reserve Bank meeting minutes steeled interest rate cut expectations and sent the Aussie lower.
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