The S&P/ASX 200 rose 0.4% to 8,551 on Tuesday, hovering near four-month highs, as high-level talks between the US and China revived hopes for a tariff truce. Treasury Secretary Scott Bessent led the US delegation in meetings with Chinese Vice Premier He Lifeng and his team, focusing on rare earth shipments and the potential easing of export restrictions. The discussions, described by both countries as "productive," are scheduled to continue on Tuesday. At home, the Westpac-Melbourne Institute Consumer Sentiment Index rose 0.5% month-on-month to 92.6 in June - its fourth gain this year - supported by the May rate cut and signs of easing inflation. On the corporate front, Rio Tinto Limited gained 0.4% after seeking government aid to keep its majority-owned Tomago aluminum smelter running amid soaring energy costs. Other notable gainers included Block, Inc. (3.1%), Woodside Energy Group (1.5%), and Goodman Group (1.3%).