TOKYO, May 29 (Reuters) - Japan's Nikkei share average
climbed on Thursday after a U.S. federal court blocked President
Donald Trump's tariffs from going into effect, while a rally in
chip-related stocks following positive earnings from Nvidia also
lifted the index.
As of 0045 GMT, the Nikkei was up 1.4% at 38,238.02.
The broader Topix rose 1.24% to 2,803.96.
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 U.S. dollar surged following the court decision, pushing
the yen down 0.74% to 145.96 against the greenback in early
Thursday trading.
A weaker yen tends to benefit local stocks, as it boosts the
yen value of overseas earnings for Japanese companies when those
profits are repatriated.
Chip-related shares jumped after Nvidia beat
quarterly sales expectations, with Advantest ( ADTTF ) and Tokyo
Electron ( TOELF ) rising 3% each.
Cable maker Fujikura ( FKURF ), a gauge for AI investments,
rose 4.5% to become the top percentage gainer in the Nikkei.
Automakers advanced, with Toyota Motor ( TM ) rising 3%,
helping to lift the auto and auto parts sector by
2.5%, making it the top performer among the Tokyo Stock
Exchange's 33 industry sub-indexes.