TOKYO, Sept 4 (Reuters) - Japan's Nikkei share average

rebounded on Thursday from a nearly one-month low in the

previous session, as domestic tech shares led the rally

following overnight gains among U.S. peers.

The Nikkei was up 1.2% at 42,456.16, as of the

midday trading recess, following the index's lowest close since

August 8 in the previous session.

Circuitry- and optical cable-maker Fujikura ( FKURF ) jumped

6.8% to become the Nikkei's top-performing stock, followed by a

3.8% advance for chip-testing equipment-maker Advantest ( ADTTF )

and a 3.8% rise in AI-focused start-up investor SoftBank Group

.

The broader Topix climbed a more modest 0.8% to

3,073.20.

Overnight, the tech-heavy U.S. Nasdaq Composite

advanced more than 1%, rebounding strongly from a 0.8% slide in

the previous session.

Global equities were rattled this week by a sharp rise in

long-term bond yields on worries about deteriorating fiscal

health in major economies from the U.S. to France, Britain and

Japan. Markets calmed overnight though after soft U.S. jobs data

reinforced expectations that the Federal Reserve will cut

interest rates later this month.

Rather than signalling a bearish shift in equity markets,

"it would be reasonable to see this adjustment as a buying

opportunity", particularly for Japanese stocks, J.P. Morgan

strategists wrote in a client note.

Compared with the U.S. and elsewhere, Japanese stocks are

supported by "few concerns regarding valuation, low holdings by

speculators and the effects of yen depreciation," they said.

Other notable gainers on Thursday included heavily weighted

Uniqlo chain owner Fast Retailing ( FRCOF ), up 2.4%, Sony Group ( SONY )

, up 2.7%, and Toyota Motor ( TM ), which climbed

1.4%.

The standout decliner was Nidec ( NNDNF ), which tumbled more

than 18% after the electric motor maker revealed improper

accounting at the firm.