[BENGALURU] Australian shares traded sideways on Friday as investors waited to see if trade negotiators from China and US meeting in Washington for a second and final day could salvage a deal to end their countries near year-long tariff war.Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday. Officials did not speak to reporters as they left the talks.
A 1 per cent gain in the Aussie energy subindex was boosted by shares of Woodside Petroleum and Santos rising 1.4 per cent and 1.2 per cent, respectively. Metal and mining stocks climbed 0.5 per cent. Top miner BHP Group gained 0.1 per cent, while peer Rio Tinto rose 1.2 per cent. Losses were broad based with the financial index slipping 0.3 per cent. The top banks Commonwealth Bank of Australia and Australia and New Zealand Banking Group logged a 0.2 per cent and 0.6 per cent decline.
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