(Updates with prices as of 0600 GMT)

By Brigid Riley

TOKYO, Oct 29 (Reuters) - Japan's Nikkei share average

secured a second day of gains on Tuesday, as investors bought

back shares after domestic election worries sparked a selloff

last week.

Prime Minister Shigeru Ishiba's coalition lost its

parliamentary majority in Sunday's election in what analysts say

is a negative for equities as it raises uncertainty over the

path ahead for policy and the economy.

But the market's focus appears to have moved on from

domestic political jitters for now, given an already sizeable

fall in shares last week as investors priced in the election

risk scenario.

The Nikkei ended up 0.8% at a one-week closing high

of 38,903.68 after rising nearly 2% in the previous session,

while the broader Topix finished 0.9% higher at

2,682.02.

"Equities prices have declined significantly enough ... Now

the market is waiting for other big events like the job report

and the U.S. presidential election," said Kenji Abe, chief

strategist at Daiwa Securities.

Financial shares rallied on Tuesday, tracking their U.S.

peers' gains as U.S. Treasury yields continued to rise, partly

due to speculation that Republican former President Donald Trump

could win the Nov. 5 presidential election.

Banks and security firms both climbed

2.5% to lead sector gains.

Wall Street closed higher on Monday ahead of a packed week

of earnings from megacap companies, with Google parent Alphabet

due to report later on Tuesday.

A portion of Japan's technology stocks edged up, with

AI-focused startup investor SoftBank Group rising 2.9%

and chip-testing equipment maker Advantest ( ADTTF ) gaining

1.6%.

Big names in Japan including Advantest ( ADTTF ) are also set to

unveil earnings this week, ahead of a key U.S. jobs report on

Friday.

Among individual shares on Tuesday, speciality chemicals

company Nitto Denko ( NDEKF ) surged 3% to land among the

Nikkei's top percentage gainers after posting earnings following

the close of the market on Monday.