Japanese shares track Wall Street higher; tech shines

TOKYO, Feb 25 (Reuters) - Japanese shares snapped a five-session losing streak on Friday, with heavyweight technology stocks leading the charge, as the market tracked a sharp rebound on Wall Street overnight.

The Nikkei share average (.N225) ended 1.95% higher at 26,476.50, but lost 2.3% for the week. The broader Topix (.TOPX) climbed 1% to 1,876,24, but posted a 2.5% weekly loss.

U.S. stocks ended sharply higher overnight, led by a 3% gain in the Nasdaq, marking a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Moscow after Russia invaded Ukraine.

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"Japanese market made a big reversal from sharp losses in a short period of time," Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute said, adding that the rebound, however, seems to be a little too strong given declines in the Nasdaq futures.

Chip-related stocks Tokyo Electron (8035.T) and Advantest led the Nikkei's gains, jumping 5.79% and 7.71%, respectively. Technology start-up investor SoftBank Group (9984.T) climbed 5.56% and medical platform services firm M3 (2413.T) rose 5.37%.

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The oil explorers sub-index (.IMING.T) fell 5.82% and was the worst performing sector among the 33 industry sub-indexes of the Tokyo Stock Exchange, with Inpex (1605.T) losing 6.02%.

Banks (.IBNKS.T) and insurers (.IINSU.T) fell 2.21% and 3.27% respectively, after U.S. Treasury yields fell overnight.

There were 143 advancers on the Nikkei index against 78 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.34 billion, compared to the average of 1.28 billion in the past 30 days.

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Reporting by Junko Fujita; editing by Uttaresh.V and Subhranshu Sahu

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