By Tomo Uetake
TOKYO, Oct 8 (Reuters) - Japanese shares bounced back on Tuesday ahead of high-level Sino-U.S. talks this week to resolve a damaging trade war, with semiconductor-related firms leading the gains after Samsung flagged a slightly better than expected third-quarter profit.
The benchmark Nikkei average .N225 ended up 1.0% at 21,587.78 points, while the broader Topix .TOPX added 0.9% to 1,586.50, though trading volume was below average as many investors remained on the sidelines before the key trade talks.
Chinese Vice Premier Liu He is due to meet U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday and Friday, but hopes for a deal dimmed on Monday after President Donald Trump said a quick agreement was unlikely. the dollar rallied against the yen from a low of 106.55 yen to as high as 107.465 yen JPY= , providing a boost for shares of Japanese exporters as a weak yen enhances corporate profits when they are repatriated.
Semiconductor-related shares made gains after South Korea's Samsung Electronics 005930.KS flagged slightly better than expected third-quarter profit, helping to ease investor concerns about the smartphone market. Tokyo, Sumco 3436.T jumped 3.8%, Advantest 6857.T soared 4.4% and Screen Holdings 7735.T climbed 3.7%.
By sector, precision machinery .IPRCS.T , metal products .IMETL.T and oil & coal products .IPETE.T were the top three performers among the Tokyo bourse's 33 sector subindexes, up 2.2%, 2.0% and 1.7%, respectively. (Editing by Darren Schuettler & Kim Coghill)
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