Aussie shares post first weekly gain since March

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.