Asian Tech Shares Surge as US Jobs Data Ignites Rate Hike Fears

Asian technology shares experienced a surge on Monday following a robust U.S. employment report that highlighted potential global growth, despite increasing the likelihood of interest rate hikes.

The strong payroll data is expected to influence the Federal Reserve's decision, with further moves anticipated from central banks globally.

Brent crude saw an increase, while U.S. crude prices followed suit, contributing to inflationary pressures and affecting diesel prices.

The European Central Bank is expected to raise interest rates, intensifying market anticipation of further economic announcements, including the U.S. core CPI report.