Manila, April 25 -- Philippine shares gained on Friday its losses caused by US President Donald Trump's reciprocal tariff announcement last April 2, and the peso gained further against the US dollar.

The Philippine Stock Exchange index (PSEi) increased by 1.79 percent to 6,268.75 points, and the broader All Shares rose 1.02 percent to 3,695.69 level.

Rizal Commercial Banking Corp. chief economist Michael Ricafort said the main index's close on Friday is the local bourse's new one-month high since March 20, 2025.

"This is after positive signals recently from China and Trump on lowering of their import tariffs at 125 percent and 145 percent, respectively," he said.

Except for Mining and Oil, which declined by 0.72 percent, the rest of t...