* Supported by Japan Q2 GDP revised up to 3.0 pct from 1.9 pct
* Insurers gain after U.S. data boosts bond yields
* Automakers capped by worries about Trump’s trade stance on Japan
* Semi-conductor shares fall sharply for second day
By Hideyuki Sano
TOKYO, Sept 10 (Reuters) - Japan’s Nikkei share average snapped a six-day losing streak on Monday after robust revised GDP data countered head winds from trade war worries, with financials leading the gains on rise in U.S. bond yields after strong jobs data.
Japan’s Nikkei share average rose 0.30 percent to 22,373. The broader Topix gained 0.20 percent to 1,687.6, the first gains in eight sessions, with advancing issues outnumbering declining ones 1,202 to 808.
Japan’s second quarter economic growth was revised up to an annualised 3.0 percent from a preliminary 1.9 percent thanks to heavy capital spending, marking its fastest growth since 2016.
“Revised GDP figures were stronger than expected, led by capital spending, which is very positive,” said Soichiro Monji, senior economist at Daiwa SB Investments.
Rise in U.S. bond yields following strong U.S. jobs data on Friday, helped financial shares.
Insurers were the best performer, gaining 1.73 percent, with Dai-ichi Life up 2.35 percent and Japan Post Insurance rising 2.25 percent.
Still, trade flows were slow, with the market’s turnover standing at 1.875 trillion yen, about 30 percent below the average over the past year, as many investors were wary of possible further escalation in U.S.-led global trade tensions.
U.S. President Donald Trump said on Friday that Tokyo knows it is a big problem if a trade agreement cannot be reached while he also upped the ante on China, threatening duties on virtually all Chinese imports.
Concerns that Trump could target Japanese auto exports weighed on Japanese carmaker shares.
The transport equipment maker index rose just 0.13 percent from one-year low hit on Friday. Toyota Motor was down 0.03 percent while Honda Motor fell 0.44 percent.
“Whether Trump will impose tariffs on all of Chinese imports and on automobiles from a wide range of countries are two most important yardsticks on whether trade disputes become trade wars,” said Nobuhiko Kuramochi, chief strategist at Mizuho Securities.
Semi-conductor related shares suffered big losses for two days in a row following concerns about NAND chip prices and a warning on memory-chip shipments from U.S. KLA-Tenor Corp last week.
Taiyo Yuden, one of the best performer so far this year, fell 4.05 percent while Screen Holdings dropped 2.75 percent.
Advantest fell 2.41 percent. (Editing by Shri Navaratnam)