Australian shares grind back losses from US trade war

The Australian market has resisted the falls on Wall Street, with traders eyeing the long weekend. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has made its first weekly gain since March, clawing back most of the losses forged from US trade war escalations.

The S&P/ASX200 gained 60.2 points, or 0.78 per cent, to 7819.1, while the broader All Ordinaries rose 60.2 points, or 0.76 per cent, to 8021.9.