Asian stocks rise as traders weigh US debt, trade deals

Asian stocks have risen after US Treasury yields steadied, allowing a bit of a breathing room for the US dollar as investors took stock of the debt load of the world’s biggest economy and awaited trade deals. Moody’s downgrade of its rating for US sovereign credit last week – due to concerns about that nation’s growing $US36 ($A56) trillion debt pile – led to a selloff in Treasuries on Monday but that stabilised by Asian trading hours on Tuesday. “The Moody’s downgrade was a temporary shock and rather meaningless in the bigger picture,” said Kyle Rodda, senior financial market analyst…