(Updates at 0600 GMT)

TOKYO, July 22 (Reuters) - Japan's Nikkei share average

ended at a three-week low on Monday, extending its decline to a

fourth session, as chip-related stocks tumbled after their Wall

Street peers closed sharply lower in the previous session.

The Nikkei fell 1.16% to 39,599, its lowest close

since June 28 in its longest losing streak since October last

year.

The broader Topix was down 1.16% to 2,827.53.

"The Japanese market was a reflection of all the bad cues

overseas over the weekend," said Takehiko Masuzawa, trading head

of Phillip Securities Japan.

Chip-equipment maker Tokyo Electron ( TOELF ) fell 2.57% to

drag the Nikkei the most. Chip-testing equipment maker Advantest

lost 3.53% and silicon-wafer maker Shin-Etsu Chemical ( SHECF )

slipped 2.15%.

U.S. stocks extended their slump on Friday as lingering

chaos related to a global technical outage caused by a software

glitch added uncertainty to an already-anxious market.

Nvidia ( NVDA ) shares led a sell-off in chips-related

stocks, with the Philadelphia SE Semiconductor index

underperforming the broader market with a more than 3% drop.

Heavy industry maker IHI fell 3.86% as investors

sold stocks that had rallied on higher chances of Donald Trump

winning the U.S. presidential race spurred so-called "Trump

trades".

U.S. President Joe Biden ending his reelection campaign

triggered a sell-off of those stocks as market players tried to

book profits, Masuzawa said.

Biden abandoned his reelection bid on Sunday under growing

pressure from his fellow Democrats and endorsed Vice President

Kamala Harris as the party's candidate to face Republican Donald

Trump in the November election.

All but four of the Tokyo Stock Exchange's 33 industry

sub-indexes fell. Railway firms rose 1.22%, while the

airline sector inched up 0.41%.

Of the Nikkei's 225 constituents, 170 fell and 52 advanced

with 3 trading flat.