TOKYO, Sept. 3 (Xinhua) -- Tokyo stocks fell on Wednesday, snapping the rebound of the previous day as weak technology and financial shares weighed.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 41,938.89, down 371.60 points, or 0.88 percent, from the previous session.
Selling in semiconductor-related stocks such as Tokyo Electron and SoftBank Group dominated from the opening, following weakness in U.S. tech shares overnight as higher U.S. Treasury yields raised concerns over equity valuations.
The Nikkei's losses widened to more than 440 points in the afternoon before bargain-hunting helped stem the decline.
Bank shares also fell sharply, with Mitsubishi UFJ and others under pressure.
The broader Topix index dropped 32.99 points, or 1.07 percent, to close at 3,048.89.
On the Tokyo Stock Exchange Prime Market, decliners totaled 832 issues, while 740 rose and 47 were unchanged. ■