Oct. 4 (Bloomberg) -- Japanese stocks may fall, led by chip-related shares including Advantest Corp., after Morgan Stanley told investors to sell shares of Intel Corp. and Advanced Micro Devices Inc., and Micron Technology Inc. posted a third straight quarterly loss.

Declines may be limited after the yen weakened against the dollar, boosting the value of exporters' overseas sales.

``Chip-related shares may be affected by Intel and Micron Technology,'' said Mitsushige Akino, who oversees $468 million at Ichiyoshi Investment Management Co. in Tokyo. ``Stocks which are sensitive to the movement of currencies will be solid.''

Nikkei 225 Stock Average futures expiring in December last traded at 17,115 in Chicago, up from the close of 17,100 in Osaka and 17,080 in Singapore yesterday. The Bank of New York Japan ADR Index, which tracks the nation's American depositary receipts, slipped 0.8 percent.

The Nikkei climbed 0.9 percent to 17,199.89 yesterday, the highest close since July 31. The Topix index advanced 1.5 percent to 1,664.01.

U.S. stocks fell yesterday, sending the Standard & Poor's 500 Index 0.5 percent lower. Intel, the world's biggest producer of computer processors, dropped the most in a month after Morgan Stanley said a supply glut may lead to a price war between the company and Advanced Micro, its closest rival.

To contact the reporter for this story: Chen Shiyin in Tokyo at schen37@bloomberg.net; Kiyori Ueno in Tokyo at kueno@bloomberg.net.

Last Updated: October 3, 2007 19:00 EDT