** Australia's financial sub-index .AXFJ rises as much as 6.4%, posting its biggest intraday percentage gain since May 2020

** Sub-index tracks a rally in global markets after U.S. President Donald Trump issued a 90-day pause on some of his reciprocal tariffs, soothing worries about the economic impact from U.S. trade policies

** Top two lenders Commonwealth Bank of Australia CBA.AX and National Australia Bank NAB.AX rise 4% and 6%, respectively

** ANZ Group ANZ.AX climbs 4.8% while Westpac WBC.AX gains 5.5%

** Sub-index last up 5.1%, trimming YTD losses to 4.2%

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))