TOKYO, Dec 29 (Reuters) - Japan"s Nikkei share average fell on Wednesday, retreating from the previous session"s one-month high, as chip-related stocks followed their U.S. peers lower. The Nikkei (.N225) declined 0.89% to 28,809.86, after touching an intraday high of 29,121.01 on Tuesday, a level not seen since Nov. 26. The broader Topix (.TOPX) slipped 0.51%, with the growth-stock index (.TOPXG) sliding 0.92%, compared to just a 0.07% decline for the value-share index (.TOPXV). Chipmakers were the Nikkei"s biggest decliners, with Trend Micro"s (4704.T) 3.89% slide the largest percentage decline, while Tokyo Electron"s (8035.T) 1.68% retreat was the biggest drag by index points. Advantest dropped 2.53%. Overnight, the tech-focused Nasdaq (.NDX) lost 0.48% as U.S. stocks snapped a four-day rally. The Philadelphia SE Semiconductor Index (.SOX) sank 1.17%. Uniqlo store-operator Fast Retailing (9983.T) was another notable loser, dropping 1.24%. At the other end, J.Front Retailing was by far the biggest percentage gainer on the Nikkei with an 8.22% jump as the department store operator reported a big increase in customer traffic after a state of emergency was lifted at the end of September. That lifted peers including Isetan Mitsukoshi Holdings (3099.T), which rose 2.23%. SoftBank Group (9984.T) recorded the biggest gain by index points, rising 1.88%.