Japan’s Nikkei share average rose on Wednesday, boosted by tech stocks following their U.S. counterparts and optimism over potential China stimulus measures.

Shares of Seven & i Holdings, owner of 7-Eleven and a takeover target, surged after a media report of an improved bid.

The Nikkei climbed 0.87%, closing at 39,277.96 points, with the chip sector and other high-tech companies accounting for four of the top five gainers.