Just like on Wall Street, demand for tech stocks in Asia appears to be driving the rally.
In South Korea, the Kospi is up 4.5 percent, with chip giants Samsung Electronics and SK Hynix rising in morning trading.
In Japan, tech companies are also riding high. SoftBank's stock is surging 14.6 percent. Kioxia and Tokyo Electron have also started the day higher. The main Nikkei 225 index is up 3.0 percent, while the broader Topix is up 2.2 percent.
China says its trade surplus has exceeded $1 trillion for the second year in a row, after exports rose 35 percent year-on-year in October. The Shanghai Composite rose 0.1 percent and the Shenzhen Composite rose 0.9 percent.
Hong Kong's Hang Seng also rose 0.4 percent.
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