SINGAPORE — Shares in Asia-Pacific rose in Thursday morning trade, following an overnight bounce on Wall Street after oil prices fell sharply from a recent surge.

The Nikkei 225Japan’s Topix index rose by 3.46%, and Japan saw an increase of 3.34%.

The Hang Seng indexIn Hong Kong, the rate of growth was 1.26%. On Thursday, shares of Chinese electric vehicle manufacturer Nio began trading in Hong Kong. This is because the company’s secondary listing. They were up 5.65% over their initial price.

Stocks in China also rose with the Shanghai compositeGaining 1.08% during the Shenzhen componentThe increase was 2.234%

South Korea KospiMarkets returned to trading on Wednesday after the presidential election, which also saw a 2.03% gain. saw conservative opposition candidate Yoon Suk-yeol emerging victorious.

Australia is home to the S&P/ASX 200The increase was 1.06% Stocks in major miners Rio TintoHowever, it plunged to a low of 8%. CNBC reported that the company told CNBC Thursday it is in process of ending any commercial relationship it has with Russian companies.

MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded at 1.48% above.

Overnight stateside, the S&P 500 gained 2.57% to 4,277.88. Dow Jones Industrial Average gained 653.61 point, or 2% to 33,286.25. Tech-savy Nasdaq Composite rose 3.59%, to 13,255.55.

Wall Street’s gains came amid sharply falling oil prices, with U.S. crude futures and international benchmark Brent crude both dropping more than 10% on Wednesday.

The oil prices have recovered some losses from Thursday’s Asia-Pacific trading hours, according to international benchmarks Brent crude futuresUp to 1.49% to $112.78 a barrel U.S. crude futuresBarrel prices rose 0.9%, to $109.68

Recently, oil prices were on an upswing. They briefly rose to the top. highest levels since 2008Fears of disruptions to the commodity space have been sparked by Russia’s continuing invasion of Ukraine.

The U.S. dollar indexThe metric, which compares the greenback to a basket of peers, reached 98.167, after recent falls from 99.

The Japanese yenIt traded at 116.05 USD, slightly lower than earlier levels of 115.2 against the greenback. The Australian dollarIt was still at $0.7296, which is below its previous low of $0.726 earlier in the week.

— CNBC’s Will Koulouris contributed to this report.