Manila, April 10 -- The local stock market improved again on Thursday following the 90-day postponement of the United States' reciprocal tariffs.

The Philippine Stock Exchange index (PSEi) closed 1.19 percent higher to 6,077.82 points with All Shares increasing by 1.12 percent to 3,622.94.

"The local market continued with its run as investors appreciated US President Donald Trump's move to temporarily drop tariff rates for most of its trading partners with higher tariffs to 10 percent to give room for negotiations," Philstocks Financial Inc.'s research manager Japhet Tantiangco said.

All counters closed with gains, with biggest increment coming from the Mining and Oil sector, which index jumped by 6.45 percent to 9,276.33 level.

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