Asian shares climb, dollar slips after jobs report

Asian shares rose and the dollar dropped on Monday, after a dismal U.S. jobs report pushed up U.S. Treasury yields as investors pared bets the U.S. Federal Reserve would hike interest rates anytime soon. Labor Department data showed U.S. employers added the fewest jobs in more than a year in March. The rise of 126,000 jobs was well below expectations for a gain of 245,000, according to a Reuters poll of economists. U.S. stocks were closed on Friday for the Easter holiday, but U.S. stock futures fell after the jobs data, indicating a lower open for stocks later on Monday.

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