Asian stocks rose as pressure from the bond market eased after the US Treasury unveiled plans to buy back longer-dated debt to curb borrowing costs. Treasuries held their gains, while the dollar steadied after falling to a three-month low.
MSCI’s Asia Pacific equities gauge climbed 0.8%, led by shares in South Korea, which jumped over 2%. US equity-index futures also advanced in early Asian trading after the S&P 500 Index posted a modest gain Tuesday, even as chipmakers declined.
