TOKYO, Aug 23 (Reuters) - Japan's Nikkei share average
rose in early trade on Friday, with pharma shares rallying for a
second session, although gains were limited as tech stocks
followed their U.S. peers lower.
Japanese exporter-heavy equity markets also got some broad
support from a weaker yen versus the dollar. However, the
outlook for the currency pair looks murky, with investors
watching Bank of Japan Governor Kazuo Ueda's testimony in
parliament after last month's surprise rate hike.
Market participants are also looking forward to U.S. Federal
Reserve Chair Jerome Powell's keynote speech at the annual
Jackson Hole symposium later in the day.
The Nikkei rose 0.2% to 38,288.79 by 0008 GMT, while
the broader Topix climbed 0.32%.
Pharma was among the top gainers among the Tokyo Stock
Exchange's 33 industry groups, with a 1% rise. It climbed 1.56%
on Thursday.
Sumitomo Pharma ( DNPUF ) gained 2%, while Chugai
Pharmaceuticals jumped 2.9%.
Electronics makers Sharp Corp ( SHCAF ) was the Nikkei's
biggest percentage gainer, soaring more than 7% following a
report that SoftBank Corp ( SFTBF ) was in talks to make a 100
billion yen ($683.53 million) investment. SoftBank shares were
little changed.
At the other end, chip-testing equipment manufacturer
Advantest ( ADTTF ) was the Nikkei's biggest decliner both in
percentage and points terms, dropping more than 2%.
Chip-making machinery giant Tokyo Electron ( TOELF ) slipped
0.8%.
($1 = 146.3000 yen)
(Editing by Subhranshu Sahu)