Emerging Markets: Rupiah, shares up after Indonesia Q1 GDP beats forecasts as Asian stocks extend rally

JAKARTA (Reuters): Equities in Asia climbed on Monday after rallying last week, as the U.S. Federal Reserve's dovish tilt and cooler-than-expected jobs data renewed wagers of rate cuts later in the year, while the Indonesian rupiah firmed after solid GDP data.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%. It had climbed 2.2% last week.