Japan's Nikkei climbs as Wall Street rebound restores risk appetite

TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average climbed as much as 2% on Thursday, rebounding from steep losses in the previous session, as a strong overnight finish on Wall Street revived risk appetite and boosted investor sentiment.

As of 0012 GMT, the Nikkei .N225 was up 1.6% at 51,025.90.

The broader Topix .TOPX rose 1.12% at 3,305.12.

U.S. stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected economic data fuelled investors' risk appetite. .N

In Japan, chip-testing equipment maker Advantest 6857.T rose 2.6%. Technology investor SoftBank Group 9984.T climbed 1.99% and chip-testing equipment maker Tokyo Electron 8035.T was up 1.38%.

Together, the three companies accounted for nearly 80% of the Nikkei's 2.5% decline on Wednesday.

Furniture and home goods retailer Nitori Holdings 9843.T lost 1.95% and medical equipment maker Olympus 7733.T fell nearly 1%.

Of more than 1,600 shares traded on the Tokyo Stock Exchange's prime market, 67% rose, 26% declined, and 5% traded flat.