TOKYO, April 8 (Reuters) - Japan's Nikkei share average climbed more than 1% on Monday as investors scooped up beaten-down stocks on the dip, with risk sentiment running high after markets caught the tailwind from a bounce on Wall Street.

The Nikkei was up 1.4% at 39,517.81 by the midday break, while the broader Topix rose 1.2% to 2,735.20.

The Nikkei hit an all-time high of 41,087.75 on March 22, although the index has struggled to keep above 40,000 points, posting two consecutive weekly losses.

Last week, the benchmark index saw its worst weekly performance since December 2022 as U.S. stocks slipped and profit-taking kicked in. The risk of currency intervention by Japanese authorities also weighed on the market.

Still, the Nikkei has gained 16.5% year-to-date, while analysts appeared to dismiss recent declines as signs of a larger reversal.

"It really is still a constructive bull pattern," said Tony Sycamore, a market analyst at IG.

"That we've had a bit of a pullback I think reflects the fact that we're just starting to see the market in this holding pattern around dollar/yen."

The dollar last traded around 151.71 yen.

Local investors tracked Wall Street's upbeat performances on Friday following U.S. job growth figures that exceeded forecasts.

Concerns over the Middle East crisis also eased, with no further deterioration in the situation in Gaza over the weekend.

Gains were widespread in the morning session on Monday, with 189 of the Nikkei's 225 constituents advancing versus 33 declining, and many of the index heavyweights rallied.

Uniqlo parent firm Fast Retailing climbed 2.1%, adding 90 index points to the Nikkei's 526-point gain. Chip-making equipment giant Tokyo Electron gave another 59 points, rising 1.6%.

Shares of staffing agency and publisher Recruit Holdings gained 3.5%.

The largest percentage gainers were chip-related firm Socionext Inc, up 8%, followed by computer maker Fujitsu gaining 6%. (Reporting by Brigid Riley; Editing by Sherry Jacob-Phillips)