Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK Hynix's buyback announcement. Global bonds had experienced a selloff due to inflation and debt concerns. Investors are also reviewing Federal Reserve meeting minutes for inflation outlooks.

(Bloomberg) -- Asian stocks were set to rebound, tracking Wall Street’s broad gains after US officials said they plan to boost buybacks of longer dated Treasuries to help ease…

(Bloomberg) -- 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…

Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK…

By Kimberley Kao and Ronnie Harui

Global shares show mixed performance as US Treasury debt buybacks ease bond yields, while Brent crude prices rise 2.2%.