Asian stocks set to track Wall Street's defiant rally

Asian stocks were set for broad gains on Thursday after Wall Street's S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled U.S. stimulus talks and a shaky economic recovery.

Those gains came after the S&P 500 jumped on Wednesday, finishing just short of its February record closing high. U.S. government bond yields dipped from one-month highs on Wednesday after the Treasury saw good demand for a record US$38 billion auction of 10-year notes, but they remained higher on the day ahead of a 30-year bond auction on Thursday.

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