(Adds comments, updates with closing prices)
TOKYO, May 29 (Reuters) - Japan's Nikkei ended trade on
Thursday at the highest point in more than two weeks after a
U.S. court blocked President Donald Trump's tariffs from going
into effect, while a weaker yen and a rally in chip-related
stocks also supported the benchmark index.
The Nikkei climbed 1.88% to 38,432.98, its highest close
since May 13.
The broader Topix rose 1.53% to 2,812.02.
The Manhattan-based Court of International Trade ruled that
Trump overstepped his authority by imposing across-the-board
duties on imports from nations that sell more to the United
States than they buy.
"The news was positive as Trump's tariff plans are a
headwind for the corporate and economic outlook," said Kentaro
Hayashi, senior strategist at Daiwa Securities.
"And the yen weakened on the news, which drove a rally in
the auto sector," he said.
The U.S. dollar surged following the court decision, pushing
the yen to fall as low as 146.26 against the greenback. A weaker
yen boosts the value of overseas revenues.
Chip-related shares jumped after Nvidia ( NVDA ) beat
quarterly sales expectations, with Advantest ( ADTTF ) and Tokyo
Electron ( TOELF ) rising 5.35% and 4.25%, respectively.
Cable maker Fujikura ( FKURF ), a gauge for AI investments,
jumped 5.54%. It lifted the nonferrous metals sector
by 5.8%, making it the top performer among the Tokyo Stock
Exchange's 33 industry sub-indexes.
Shares of Toyota Motor ( TM ) rose nearly 4%, helping lift
the auto and auto parts sector by 3.39%.
Hino Motors ( HINOF ) and Nissan Motor ( NSANF ) jumped nearly
6% each.
On the other hand, toy maker Bandai Namco Holdings ( NCBDF )
fell 2.96% to drag the Nikkei the most.