Asia shares bounce, others cautious as oil rises

Asian shares surged on Monday, buoyed by a strong U.S. jobs report and the escalation of tensions between the U.S. and Iran in the Gulf. The jobs data, seen as a positive sign for global growth, raised concerns about the likelihood of a rate hike by the Federal Reserve. Meanwhile, oil prices climbed as a result of the recent confrontations.

Brent crude increased by 0.2% to $96.45 a barrel and U.S. crude rose by 0.4% to $91.85 a barrel. This inflationary effect heightens the importance of the upcoming U.S. consumer price index report and could influence the Bank of Japan's decision to raise interest rates. European markets, however, were cautious as the possibility of further hikes from the European Central Bank and Bank of Japan loomed.