(Updates at 0600 GMT)

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

rose to a two-week closing high on Wednesday, as technology

stocks tracked the Nasdaq's record finish overnight.

The Nikkei climbed 0.96% to 39,277.39, its highest

close since Oct. 15 in its third straight session of gains.

The broader Topix rose 0.81% to 2,703.72.

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

momentum was 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, 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 11.21% and Lasertec ( LSRCF ) up 4.38%.

Chip-testing equipment maker Advantest ( ADTTF ) rose 3.43%

to provide the biggest boost to the Nikkei.

Technology investor SoftBank Group rose 2.62%.

Hino Motors ( HINOF ) tanked 13.34% after the truck maker

flagged an annual net loss as it reported a 230 billion yen

($1.5 billion) extraordinary loss.

Drugmaker Chugai Pharmaceutical lost 4.9% to weigh

on the Nikkei the most. Home interior goods retailer Nitori

Holdings ( NCLTF ) fell 1.44%.

Komatsu ( KMTUF ) lost 1.03%, even as the construction

equipment maker raised its annual operating profit forecast.

Of the 225 Nikkei components, 162 stocks rose and 59 fell,

with four flat.

($1 = 153.3300 yen)

(Reporting by Junko Fujita; Editing by Rashmi Aich and

Subhranshu Sahu)