The tech-heavy Nasdaq, by contrast, gained around 0.4 percent, helped in part by what traders read as further signs of official disapproval of Broadcom's $117 billion bid for USA graphics chipmaker Qualcomm.
U.S. crude oil fell 1.9% to $US60.84 a barrel and gold declined 0.4% to $US1318.70 an ounce. "The rise of trade hawks in the White House casts a dark shadow over trade in Asia", said Mizuho Bank in a report.
WALL STREET: Stocks gained after U.S. Labor Department data showed job creation in February stronger than forecast, while wage increases were below expectations. That helped to dampen inflation concerns that triggered the market's swoon.
Global stocks rose Monday despite U.S. The Nasdaq Composite closed at 7,588.32 for a gain of 27.51 points or 0.36%. The blue chip Dow Jones Industrial Average finished the week at 25335.74, up 3.3% and the tech-driven NASDAQ Composite closed the week at 7555.81, up 4.2%.More news: OECD Sees Better Outlook, if Trade Escalation Avoided
Trump softened his stance last week by exempting Canada and Mexico, but negotiations are ongoing as the European Union also seeks to exempt itself from the tariffs.
TOKYO: A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.
ANALYST'S TAKE: "U.S. employment data hit a sweet spot on Friday night". Netflix is the outlier to Monday's performance of FAANG stocks, of which Amazon (AMZN), Apple (AAPL) and Google (GOOG, GOOGL) all set record highs, contributing to solid gains in the technology sector and a record high in the Nasdaq. "Any initial enthusiasm may ease as investors digest further trade war rhetoric", said McCarthy.
Many of the United States' big manufacturers have suffered since U.S. President Donald Trump announced plans to impose tariffs on steel and aluminum imports, a move that could increase their costs while hampering sales overseas.More news: Mizzou Basketball's Jordan Barnett Arrested for DUI
The story was different in the USA, where continued worries about the steel and aluminum tariff implications helped push industrial stocks down on the Dow, while technology stocks continued their push higher. Trump announced last week he agreed to meet the North's Kim Jong Un by May. The contract jumped $1.92 on Friday to close at $62.04.
Crude oil was down $1.17 to $60.87 per barrel. It surged $1.88 the previous session to $65.49.
CURRENCY: The dollar slid to 106.46 yen from 106.77 yen late Friday.
South Korea rose one per cent while Japan's Nikkei jumped 1.2 per cent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.More news: Sevilla boss Vincenzo Montella reveals Champions League tactics