Manila, April 3 -- Local shares fell following US President Donald Trump's tariff announcement, while the peso closed stronger against the US dollar on Thursday.

The Philippine Stock Exchange index (PSEi) declined by 1.63 percent to 6,145.73 while All Shares likewise fell by 1.10 percent to 3,664.41.

"The local market was brought down this Thursday by 1.63 percent to 6,145.73 as investors dealt with the US' latest tariff announcements, including a 17 percent tariff against the Philippines," Philstocks Financial research manager Japhet Tantiangco said.

"Sentiment towards the global economy was dampened by the expected negative consequences of the US' reciprocal tariffs."

Among the sectors, only the miners survived the day with gains, a...