SINGAPORE — Asia-Pacific stocks jumped in Friday trade after the S&P 500 rose to a record closing high overnight stateside.

Hong Kong’s Hang Seng index led gains among the region’s major markets, jumping 1.14% by the afternoon.

Shares of Chinese tech firms listed in the city surged: Tencent rose 1.8%, Alibaba jumped 2.19% while Meituan soared 3.94%. The broader Hang Seng Tech index gained 2.21%.

Mainland Chinese stocks were also higher, with the Shanghai composite up 0.79% while the Shenzhen component gained 1.073%.

Japan’s Nikkei 225 rose 0.72% while the Topix index gained 0.7%. South Korea’s Kospi advanced 0.6%.

Elsewhere, the S&P/ASX 200 in Australia edged 0.45% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%.

Chinese electric vehicle maker XPeng on Friday announced the launch of its Hong Kong public offering. CNBC reported Wednesday that the firm had gotten the green light to carry out an IPO in the city.

XPeng said the offer price for the Hong Kong public offering “will not be more than HK$180.00 per share” ($23). The firm, already listed in the U.S., is set to carry out a dual primary listing that will subject it to the rules and oversight of both U.S. and Hong Kong regulators.

Overnight on Wall Street, the S&P 500 gained 0.58% to a new record closing high of 4,266.49. The Dow Jones Industrial Average jumped 322.58 points to 34,196.82 while the Nasdaq Composite advanced 0.69% to 14,369.71.

The gains stateside came after U.S. President Joe Biden announced the White House had reached an infrastructure deal after meeting with a bipartisan group of senators.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.768 as it struggles to recover to levels above 92.1 seen earlier this week.

The Japanese yen traded at 110.81 per dollar, still weaker than levels below 110.4 seen against the greenback earlier in the trading week. The Australian dollar changed hands at $0.7592, above levels below $0.756 seen earlier this week.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures rising 0.15% to $75.67 per barrel. U.S. crude futures gained 0.12% to $73.39 per barrel.