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By Kumar Tanishk

May 14 (Reuters) - Australian shares ended little changed on Thursday as a rebound in banks offset losses across most other sectors, while investors watched U.S.-China talks for signs of easing trade tensions that could support growth and demand for commodities.

The S&P/ASX 200 .AXJO inched up 10.3 pips, or 0.1%, to 8,640.7. The benchmark had shed nearly 2.8% over four consecutive sessions.

The meeting between the leaders of Australia's key trading partners is seen as a test for risk appetite in the resource-heavy bourse, with any thaw in relations likely to buoy miners, while renewed friction could deepen concerns over tariffs, inflation and global growth.

Back in Sydney, financials .AXFJ snapped a four-day losing streak to advance 1%. The sub-index had lost more than 8% in the last four sessions.

Top lender Commonwealth Bank of Australia CBA.AX gained 1.8%. The stock had plunged 10.4% in the previous session, hurt by housing tax changes that threaten to cool demand for mortgages.

Investors may be buying banks for dividend yield, as higher capital gains taxes post-budget are expected to tilt preference away from growth stocks, said Craig Sidney, senior investment adviser at Shaw and Partners.

Consumer stocks .AXSJ slid 1.9% to a four-month low, led by supermarket chain Coles COL.AX, which dropped 2.2% after a court ruled it misled shoppers on discounts.

Larger rival Woolworths WOW.AX, also facing a similar lawsuit, dropped 1.3%.

Miners .AXMM slid 0.1%, led by declines in rare earth miners Lynas LYC.AX and Arafura ARU.AX which slipped 9.8% and 9.5% respectively.

Critical metal miners have benefitted from Washington's push to diversify critical mineral supply chains away from top producer China.

New Zealand's benchmark S&P/NZX 50 .NZ50 slipped 0.3% to 13,025.07, its third consecutive session of losses.

Flag carrier Air New Zealand AIR.NZ slid 5.8% after forecasting its steepest annual pre-tax loss in four years.