Asia stocks set to gain after recovery hopes push Wall Street higher

Asia stocks set to gain after recovery hopes push Wall Street higher

NEW YORK (Reuters) - Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.. "The jobs report blew away expectations and the numbers were unparalleled in history," said Thomas Hayes, chairman of Great Hill Capital in New York.. U.S. stocks also added to gains late in the trading session after the Federal Reserve eased the terms of its "Main Street" lending program to encourage more businesses and banks to participate.. In currency market, the dollar slid and commodity currencies gained as risk appetite ramped up.. The New Zealand dollar rose to its highest in nearly four months after the government said it had stopped local transmission of the coronavirus..