Nikkei rebounds 1.48% Friday

Special Report:Global Financial Crisis

TOKYO, Feb. 27 (Chinese media) -- Tokyo stocks rebounded Friday, closing at the highest level in a week, mostly lifted by news reports that U.S. government's bailout plan for Citigroup.

The benchmark 225-issue Nikkei Stock Average gained 110.49 points, or 1.48 percent, from Thursday to 7,568.42.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 14.18 points, or 1.91 percent, to 756.71.

Boosted by the Citigroup bailout report, some Japanese banking issues performed strongly. Mitsubishi UFJ Financial Group gaining 12 yen, or nearly 3 percent, to 454 yen.

Export-oriented issues were also strong, lifted by a strong dollar. Canon rose 90 yen, or nearly 4 percent, to 2,540 yen, and Toyota Motor advanced 50 yen, or nearly 2 percent, to 3,180 yen. Trading volume on the main section came to 1,970.35 million shares, down from Thursday's 2,049.11 million.

On the First Section, advancing issues outnumbered declining ones 1,105 to 489, with 115 others remaining unchanged.

The TSE's Second Section index was up 0.02 point to 1,791.21 on a volume of 16.59 million shares. On the Osaka Securities Exchange, the near-term March Nikkei 225 index futures contract was up 130 points to 7,560.