Japan’s Nikkei rebounds from one-week low despite chip drag

TOKYO, Nov 22 (Reuters) – Japan’s Nikkei share average gained on Wednesday, rebounding from early declines even as chip shares dragged. The Nikkei rose 0.62% to 33,560.01 as of the midday break. Of its 225 components, 184 stocks advanced, 38 fell and three traded flat. The level puts it about halfway between the day’s low point at 33,182.99, a one-week trough, and Monday’s fresh post-1990 peak at 33,853.46. The broader Topix rallied 0.74%. “Japanese stocks have been stronger relative to others recently (and) a lot of people still want to buy Japanese stocks,” said Naka Matsuzawa, a strategist at Nomura Securities. At the same time, “it’s kind of hard to draw a scenario for higher stock markets from here, because…