INSUBCONTINENT EXCLUSIVE:
Australian shares edged higher on Tuesday as China confirmed it was moving ahead on trade talks with the United States, though the benchmark
inded still held close to two-year lows plumbed in the previous session.The SP/ASX 200 index rose 0.4 per cent or 23.4 points to finish the
day at 5575.90, after Beijing said a road map was discussed with US officials for the next stage of trade talks between the world's top
two economies.Shares in China, Australia's biggest trading partner, made modest gains on the news as markets looked for progress in
resolving the bitter trade dispute.The Australian benchmark had fallen 2.3 per cent on Monday, as investors worried last week's arrest by
Canadian officials of a senior executive of Chinese tech giant Huawei for extradition to the United States could inflame fresh tensions
between Washington and Beijing.Global growth anxiety and slowdown in corporate earnings also undermined Australian shares, which have lost
more than 10 per cent so far this quarter, and are on course for their steepest decline since the quarter ending September 2011.On the day,
battered healthcare shares closed 1.6 per cent higher to top index performers.Medical equipment firm Resmed Inc led gainers, hitting a more
than two-month high, after brokerage BMO upgraded the company's NYSE-listed stock and raised target price.The financial index struggled
through the session before ending marginally higher, with the country's 'Big Four' lenders all paring the day's losses to close
higher.Meanwhile, metals and mining stocks put on 0.6 per cent after London base metals recouped some of previous session's losses, lifted
by a weaker dollar.Mining majors BHP Group and Rio Tinto both rose around 1 per cent.
