The Australian market has resisted the falls on Wall Street, with traders eying the long weekend. -AAP Image
The Australian share market has made its first weekly gain since March, clawing back most of the losses forged in the wake of US trade war escalations.
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The S&P/ASX200 gained 54.1 points, or 0.70 per cent, to 7813, while the broader All Ordinaries rose 53.9 points, or 0.68 per cent, to 8015.6.
The top-200 index is roughly 135 points, or 1.72 per cent short of its value when US President Donald Trump's 'Liberation Day' tariffs sent markets into a tailspin.
Subsequent escalations wiped almost ten per cent from the bourse's value.
Australian unemployment came in slightly lower than expected at 4.1 per cent, which failed to impact markets pricing in a Reserve Bank rate cut in May.
The Australian dollar is buying 63.38 US cents, down from 63.54 US cents as the greenback strengthened on US-Japan tariff talks.
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