Asian stocks rise after Wall Street skyrockets; Japan jumps more than 3 percent

Shares in Asia rose on Thursday morning following an overnight surge in stocks on Wall Street, with all three major indexes stateside posting gains of more than 4.9 percent.

Japan's Nikkei 225 surged 3.38 percent in morning trade while the Topix jumped 3.94 percent as the two indexes climbed for the second-straight day after their Christmas Day tumble.

In Australia, the ASX 200 rose around 1.36 percent, with all sectors seeing gains.

Of note, the energy sector Down Under jumped more than 3 percent, with shares of oil-related companies advancing. Santos rose 3.24 percent, Woodside Petroleum gained 4.18 percent and Beach Energy gained 2.09 percent.

Similar gains were seen in Japan, where Inpex advanced 3.96 percent, JXTG jumped 6.74 percent, Fuji Oil gained 4.30 percent and Japan Petroleum Exploration soared 4.68 percent.

Those moves came on the back of a strong rebound in oil prices on Wednesday, which saw both U.S. and international benchmark Brent crude post their largest one-day increase since Nov. 30, 2016, when OPEC signed a landmark agreement to cut production.

Both U.S. and Brent crude pared some of Wednesday's big gains, however, in the morning of Asian trading hours on Thursday. The U.S. crude futures contract slipped 0.32 percent to $46.07 per barrel while the Brent crude futures contract shed 0.5 percent to $54.20 per barrel.

The mainland Chinese markets, which have been closely watched as a result of Beijing's trade spat with Washington, saw gains in early trade. The Shanghai composite gained about 0.76 percent while the Shenzhen composite rose approximately 0.96 percent and the Shenzhen component saw gains of around 1.07 percent.

Hong Kong's Hang Seng Index also rose around 0.54 percent.

South Korea's Kospi recovered from earlier losses to rise 0.26 percent.