(Updates with closing prices)
By Satoshi Sugiyama
TOKYO, Aug 4 (Reuters) - Japan's Nikkei share average ended
higher on Tuesday, supported by relatively upbeat demand for
chip-related stocks, though investors remained wary of possible
further yen-buying intervention.
The Nikkei closed 0.32% higher at 63,957.53, after
swinging between gains and losses. The broader Topix
nudged 0.04% higher to 3,961.78.
Semiconductor-related stocks were mostly positive, with
cables and optical fibre manufacturer Fujikura ( FKURF ) up
7.88%, memory chipmaker Kioxia ( KXHCF ) rising nearly 6% and
chip-making equipment maker Tokyo Electron ( TOELF ) gaining
3.11%.
Japan's Finance Ministry said on Monday Tokyo and Washington
had conducted coordinated yen-buying intervention and would not
hesitate to take further action.
"Authorities have also indicated they could intervene again
if the yen weakens further, so caution remains," said Shuutarou
Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
The dollar traded at 157.62 yen, up 0.29%. A stronger
yen reduces the value of overseas revenue for Japan's many
heavyweight exporters.
Meanwhile, Toyota Motor ( TM ) shares ended 1.52% lower
after falling as much as 3.12%, as the world's biggest automaker
posted a fifth straight quarterly earnings decline, hurt by
slumping sales in China.
The company raised its annual operating profit forecast by
13% to reflect a weaker yen and announced a share buyback plan
worth up to 1 trillion yen, or 4.22% of outstanding stock.
Overall, market breadth was negative, with 129 decliners in
the Nikkei against 94 gainers and two unchanged.
The largest losers by percentage in the index were meat
processor NH Foods ( NHFOF ), down 8.41%, followed by global
glass and chemicals manufacturer AGC, which shed 7.88%,
after their earnings failed to impress investors.
The largest percentage gainer on the index was motorcycle
maker Yamaha Motor ( YAMHF ), which surged 13.4% to close at a
more than two-year high, after stellar earnings and an upward
revision to its full-year forecast. Cable and components maker
Furukawa Electric ( FUWAF ) was up 11.44%.
(Reporting by Satoshi Sugiyama; Editing by Subhranshu Sahu)