Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world’s largest economy, prompting investors to curb risk exposure ahead of more US data and earnings as well as figures from China this week, Reuters reported.
Friday’s data showed US payrolls grew by 120,000 in March, far below the expected gain of 203,000 jobs for the smallest rise since October, keeping the door open for the Federal Reserve to provide more monetary support to the fragile economy.
Industrial commodities such as copper and oil fell on growth worries while the potential for more Fed easing helped gold rebound but pressured the dollar.
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