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

touched a two-week high on Wednesday, as technology stocks

tracked Nasdaq's record closing high overnight.

The Nikkei was up 1.25% at 39,390.49 by the midday

break, its highest level since Oct. 15.

The broader Topix rose 1.13% to 2,712.26.

"There were not any strong market-moving cues and the

momentum is not strong," said Fumio Matsumoto, chief strategist

at Okasan Securities.

"Investors just bought back stocks that were sold last week

for fears of political turmoil. Local equities had fallen

despite a weaker yen."

The prospect that Japan's Liberal Democratic Party and its

ruling coalition partner may lose their majority in the lower

house of parliament pushed the Nikkei down 2.7% last week.

Overnight, the Nasdaq scored a record closing high and the

S&P 500 rose on Tuesday, while the Dow fell as investors

digested a host of corporate earnings and awaited Google-parent

Alphabet's results that came after the market close.

In Japan, chip-related shares rose, with Disco

surging 12.4% and Lasertec ( LSRCF ) up 5.17%.

Chip-testing equipment maker Advantest ( ADTTF ) rose 2.62%

to provide the biggest boost to the Nikkei. Chip-making

equipment maker Tokyo Electron ( TOELF ) rose 1.19%.

Technology investor SoftBank Group rose 2.84%.

Hino Motors ( HINOF ) tanked 12.36% and was the biggest loser

on the Nikkei. The truck maker flagged an annual net loss as it

posted a 230 billion yen ($1.5 billion) extraordinary loss.

Drugmaker Chugai Pharmaceutical lost 3.27% to weigh

on the Nikkei the most. Home interior goods retailer Nitori

Holdings ( NCLTF ) fell 1.23%.

Komatsu ( KMTUF ) lost 2.16% even as the construction

equipment maker raised its annual operating profit forecast.

Of the 225 Nikkei components, 191 stocks rose and 34 fell.

($1 = 153.3300 yen)