WiseTech Global Ltd (WTC.AU) saw its stock price surge by 12.39% in intraday trading on Thursday, as Australian technology stocks rallied following a positive development in global trade relations. The significant uptick in WiseTech's shares came amid a broader tech sector boom, with the Australian tech stock index (.AXIJ) soaring more than 11% to reach its highest level since March 28.

The catalyst for this impressive rally was U.S. President Donald Trump's announcement of a 90-day pause on tariffs for some nations, while also indicating temporary duties on certain others. This move sparked a wave of optimism across global markets, with Wall Street experiencing a sharp rebound. The S&P 500 jumped 9.5% in its biggest daily percentage gain since 2008, while the Nasdaq surged 12.2% and the Dow closed 7.9% higher.

WiseTech Global, a leading provider of software solutions for the logistics industry, was among the standout performers in the Australian tech sector. The company's strong performance, along with other tech giants like Xero (XRO.AX), which gained as much as 11.3%, underscores the positive sentiment surrounding Australian technology firms. This surge in tech stocks highlights the sector's sensitivity to global trade developments and investor confidence in the growth potential of innovative companies in a more favorable economic environment.