Shares edge higher as Trump mulls auto tariff relief

The Sydney Opera House and ASX indicator board (file  image)
Australian shares have made further gains after news the US may offer more tariff exemptions. -AAP Image

Australian shares have posted a consecutive session of gains for the first time since US President Donald Trump announced his sweeping "Liberation Day" tariffs.

The S&P/ASX200 rose 16.2 points, or 0.21 per cent, to 7764.8, as the broader All Ordinaries gained 13.5 points, or 0.17 per cent, to 7973.2.

Local sectors were mixed, with financial stocks up 0.6 per cent and materials lifting 0.4 per cent, as consumer staples and IT stocks lost about one per cent each.

The Australian dollar is buying 63.67 US cents, up from 63.31 US cents to its highest level since April 3.