Asian Share Market Rises on Weak US Jobs Report, Oil Prices Climb

Tokyo. Asian share markets rose on Monday as a weak US jobs report eased the risk of an immediate interest rate hike. The positive impact of Wall Street was seen in Asian markets, but crude oil prices rose due to a lack of progress in peace talks in the Gulf region.

Iran said on Sunday that a deal with Oman to define a new maritime route in the Strait of Hormuz was in the final stages. However, Iran reiterated that the important waterway would only fully open after the US fulfills other conditions.