* Nikkei off 5-week high as rally fizzles ahead of holiday
* Trump's comments on North Korea a reminder of geopolitical
* Advantest, Omron tumble, Alps Elec gains on earnings
* Nikkei looks set to make biggest weekly gains since Nov
By Hideyuki Sano
TOKYO, April 28 Japan's Nikkei share average
ticked down further from recent five-week highs on Friday as a
relief rally driven by fading political worries in Europe
fizzled ahead of Golden Week holidays next week.
The Nikkei fell 0.2 percent to 19,203.30 by
mid-morning trade, off five-week high of 19,289.43 touched on
Sentiment was undermined slightly by comments from U.S.
President Donald Trump that there is a chance of a major
conflict with North Korea -- a stark reminder of lingering
geopolitical risks in the region.
The Nikkei had gained 3.2 percent so far this week, which
would be the biggest since mid-November, after the results of
the first round vote in the French presidential election allayed
fears that France would choose a anti-European Union president.
"Market players are reluctant to take positions now ahead of
holiday week and the focus of trading is on shares of companies
that just released earnings," said Tomoichiro Kubota, senior
market analyst at Matsui Securities.
Semiconductor equipment maker Advantest fell 8.2
percent and electronic goods maker Omron dropped 7.8
percent after their earning estimates disappointed market
Although both companies expect profit growth in the
financial year that started this month, their currency rate
assumption -- of 110 yen per dollar -- was taken to mean their
projection would be vulnerable, some market players said.
Robot manufacturer Fanuc dipped slightly after its
earnings had fallen short of market expectations before paring
losses to trade up 0.1 percent.
Nintendo turned positive after an initial fall as
the market digested its earnings, which fell short of market
expectations and suggested strong sales of its new Switch
Electronics parts maker Alps Electric rose 5.1
percent on strong earnings.
Mobile phone operator NTT Docomo gained 4.0 percent
also on upbeat earnings as well as on its dividend hike plan.
Other telecom shares topped the list of gainers among large
caps as investors rotate into domestic demand-led shares. KDDI
rose 2.9 percent while NTT gained 2.3 percent.
Overall trade is expected to slow next week, during which
Japanese markets will be closed from Wednesday to Friday and
many other markets in Asia and Europe will be closed on Monday.
The broader Topix fell 0.1 percent to 1,535.06.
On the month, though, April looks set to be the best month
so far this year for Japanese shares. The Nikkei is up 1.6
percent and the Topix is up 1.4 percent, both of which would be
biggest gains since December.
(reporting by Hideyuki Sano; Editing by Sam Holmes)