Asia-Pacific markets jumped in early trade on Thursday, following a surge in the U.S. markets overnight as tech stocks rallied.

Japan’s Nikkei 225 bounced 1.58%, while the Topix was also up 1.09%. Auto and tech stocks jumped in early trading. Softbank was up 2.87%, while Sony rose 2.84%.

South Korea’s Kospi rose 0.83%. In Australia the S&P/ASX 200 was up 0.18%.  

Meanwhile, Australia’s jobs data is expected to be released at 9:30 a.m. HK/SIN. It comes as coronavirus cases surged again in recent weeks in Victoria state. Authorities had to impose a night curfew and tighten restrictions again last week in Melbourne, Australia’s second-largest city, according to Reuters.

In earnings news, Chinese tech giant Tencent reported quarterly earnings after markets close on Wednesday. Gaming boosted overall revenue in the second quarter, while Tencent saw some weakness in its advertising business. Overall, its profit attributable to equity holders of the company was 33.1 billion yuan ($4.76 billion) compared to 27.56 billion yuan expected. That’s a 37% year-on-year rise.

On Wall Street, stocks jumped as traders stateside seemed to shrug off uncertainty over a second coronavirus stimulus bill, even as House Speaker Nancy Pelosi on Wednesday said both sides were still “miles apart” on relief negotiations.

Sentiment was also lifted in part by President Donald Trump saying late Tuesday that the U.S. government will purchase 100 million doses of Moderna’s experimental coronavirus vaccine, currently in late-stage human trials.

Major indexes jumped with Big Tech names soaring. The S&P 500 fell just short of a new record close, gaining 1.4% in the biggest one-day jump since July 6. 

The Dow Jones Industrial Average jumped 1.1%, while the Nasdaq Composite outperformed, rallying 2.1%. Facebook, Amazon and Netflix were all up at least 1.5% while Alphabet, parent of Google, advanced 1.8%. Microsoft and Apple gained more than 2.8% each.

“Optimism persists it seems with respect to early agreement on a new US fiscal support package, despite a complete lack of evidence of movement in this direction,” Ray Attrill, head of foreign exchange strategy, wrote in a morning note.

Meanwhile, markets will await the release of weekly jobless claims data stateside on Thursday.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.356, weakening from levels above 93.6 seen earlier in the week. 

The Japanese yen traded at 106.77 per dollar, weakening after levels above 105 earlier. The Australian dollar changed hands at 0.7178, strengthening from earlier this week.

Oil prices were relatively unchanged in the morning during Asian trading hours. International benchmark Brent crude futures dipped slightly to $45.40 per barrel. U.S. crude futures were flat at  $42.66 per barrel.

— CNBC’s Fred Imbert and Arjun Kharpal contributed to this report.