Asian shares rise on US rally, jobs data signaling low rates

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TOKYO (AP) — Asian shares opened the week higher, cheered by a rally on Wall Street as a grim jobs report signaled to investors that interest rates will likely stay low. Benchmarks in Japan, Australia, South Korea and China gained in Monday morning trading. The rally is coming despite a recent surge in coronavirus infections in Asia, especially in Japan, where worries are growing about tens of thousands of athletes and officials entering the country for the Tokyo Olympics in July. Investors are watching for inflation and retail sales data out of the U.S. and British economic growth data. 

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