US Eco Data Lowers Rate-Hike Odds; Indonesia Finance Minister Speaks | Bloomberg Daybreak: Asia...
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Business and finance news from the Asia-Pacific. Asian stocks rose after softer US jobs data reduced pressure on the Federal Reserve to keep raising interest rates. Oil erased early gains, while bonds crept higher. MSCI’s Asia Pacific equities index gained 1.1%, with Japan’s Nikkei 225 Stock Average rallying 2.5% as technology shares advanced. Chip bellwether Taiwan Semiconductor Manufacturing Co. jumped 3% on a potential collaboration with Elon Musk’s Terafab. Tech sentiment remained buoyant, with Nasdaq 100 futures gaining 0.4% after the underlying gauge closed at a record high Friday. Following Friday's economic data in the US, markets have repriced and the chance for a rate hike has decreased. For an outlook at a potential Fed rate hike, we heard from Qian Wang, Chief APAC Economist at Vanguard Group, and she spoke with Bloomberg's Paul Allen. Speaking with foreign media for the first time since his appointment, Indonesian Finance Minister Suahasil Nazara signaled that his focus wo
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