Asian stocks set for near 70 percent gain in 2009

Asian stocks rose Thursday, poised for a near 70 percent gain on the year, while the dollar hovered near 16-week highs as a jump in US consumer confidence reinforced views that the world`s largest economy was gradually recovering.

Asian shares rise, dollar rally stalled

Asian stocks rose on Thursday led by gains in technology shares, while the US dollar edged further away from recent peaks after an unexpected drop in US home sales cooled optimism about the economic recovery.