(Updates for midday close)

By Brigid Riley

TOKYO, Feb 10 (Reuters) - Japan's Nikkei share average

edged down on Monday, as investors weighed fresh U.S. tariff

risks and losses across Wall Street's three major indexes last

week dragged on market sentiment.

The Nikkei had slipped 0.1% to 38,746.96 in choppy

trade by the midday break, while the broader Topix shed

0.3% to 2,729.82.

Steelmakers fell about 1% with Nippon Steel ( NISTF )

down 1.6%, after U.S. President Donald Trump said he

would announce new 25% tariffs on Monday on all U.S. steel and

aluminium imports.

The news is negative for companies that export steel and

aluminium to the United States, but those tariffs were also

implemented during Trump's first time in office, limiting the

surprise factor, said Tomo Kinoshita, global market strategist

at Invesco Asset Management Japan.

"However, I think caution towards additional tariffs... will

continue, and financial markets will likely continue to be

sensitive," he said.

The latest tariff threats come after Japanese Prime Minister

Shigeru Ishiba met with Trump in his first White House summit on

Friday.

The meeting between Ishiba and Trump came off well, offering

some support to Japanese equities, said Hiroshi Namioka, chief

strategist at T&D Asset Management.

The United States has not announced any tariffs specifically

targeting Japan, and while Trump pressed Ishiba to close Japan's

annual trade surplus with Washington, he expressed optimism this

could be done quickly.

"When looking at the global picture, I believe Japan is in

quite a good position," said Namioka.

All three U.S. stock indexes closed lower on Friday

following weak domestic jobs and consumer sentiment data.

In Japan, chip-making equipment maker Tokyo Electron ( TOELF )

climbed 1.1% and electronic components maker TDK Corp ( TTDKF )

rose 1.5%.

Taiyo Yuden ( TYOYF ) surged 16.3% after the firm announced

earnings after market hours on Friday.

Fast Retailing ( FRCOF ) and AI-focused startup investor

SoftBank Group declined 0.8% and 2%, respectively.