(Adds comments, updates stock prices)
TOKYO, May 29 (Reuters) - Japan's Nikkei share average
rose to a more than two-week high on Thursday after a U.S. court
blocked President Donald Trump's tariffs from going into effect,
while a rally in chip-related stocks also lifted the index.
As of 0223 GMT, the Nikkei rose 1.7% to 38,347.05, its
highest level since May 13.
The broader Topix rose 1.44% to 2,809.27.
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 0.7% to 145.86 against the greenback. A weaker yen
boosts the value of overseas revenues.
"The Nikkei's gains were limited even as we had a series of
positive cues, as the market was testing if the index would rise
further going forward," said Yusuke Sakai, a senior trader at
T&D Asset Management.
Chip-related shares jumped after Nvidia ( NVDA ) beat
quarterly sales expectations, with Advantest ( ADTTF ) and Tokyo
Electron ( TOELF ) rising 3.7% and 3.3%, respectively.
Cable maker Fujikura ( FKURF ), a gauge for AI investments,
jumped 6.3%. It lifted the nonferrous metals sector
by 3.52%, making it the top performer among the Tokyo Stock
Exchange's 33 industry sub-indexes.
Automakers also advanced, with Toyota Motor ( TM ) rising
3.9%, helping lift the auto and auto parts sector by
3%.
Hino Motors ( HINOF ) jumped 7.8% to become the top
percentage gainer in the Nikkei.
On the other hand, toy maker Bandai Namco Holdings ( NCBDF )
fell 2.47% to drag the Nikkei the most.
(Reporting by Junko Fujita; Editing by Sherry Jacob-Phillips
and Varun H K)