The Australian sharemarket edged up, tracking Wall Street’s recovery, on renewed optimism about a high-stake meeting between US President Donald Trump and his Chinese counterpart Xi Jinping next week.

The S&P/ASX 200 index added 0.1%, or 10.6 points, at the open to 9043.4 at 10.13am AEDT, with eight of the 11 sectors trading in the green. Gains in energy offset losses in communications.

Whitehaven Coal was the biggest loser, down 3.1% after a quarterly update disappointed investors.