TOKYO, Aug 30 (Reuters) - Japan's Nikkei share average

advanced on Friday after the Dow notched a record closing high

overnight, with technology stocks leading the gains.

The Nikkei rose 0.58% to 38,585.43 by the midday

break, but was flat for the week. The broader Topix

climbed 0.56% to 2,708.08 and was up 0.3% for the week.

"The Dow's strong finish lifted domestic equities.

Chip-related stocks rose despite a decline of the Nasdaq, which

means Nvidia ( NVDA ) is no longer a market-moving cue," said Naoki

Fujiwara, senior general manager at Shinkin Asset Management.

The Dow posted a record-high close on Thursday in mixed

trading following robust U.S. economic data, while artificial

intelligence chipmaker Nvidia ( NVDA ) dropped after its largely

in-line forecast failed to impress investors. The Nasdaq slipped

0.23%.

Nvidia's ( NVDA ) performance has been key for the Nikkei as most of

its heavyweights are technology stocks.

Chip-testing equipment maker Advantest ( ADTTF ) jumped 2.67%

to give the biggest boost to the Nikkei. Chip-making equipment

maker Tokyo Electron ( TOELF ) rose 0.57%. Technology start-up

investor SoftBank Group gained 2.5%.

Medical equipment maker Terumo 4543.T> fell 2.9% to weigh on

the Nikkei the most, after news that its shareholders plan to

sell 73.2 billion yen ($505.56 million) worth of shares to

overseas investors.

Home interior goods retailer Nitori Holdings ( NCLTF ), which

relies on imports for most materials, fell 3% to become the

biggest percentage loser on the Nikkei after the yen weakened on

Thursday.

Nitori ( NCLTF ) shares have risen 25% so far this month, buoyed by a

stronger yen. The Nikkei has declined 1.89% during the same

period.

Of the 225 Nikkei components, 138 stocks rose and 85 fell,

with two trading flat.

($1 = 144.7900 yen)

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)