Tokyo - Tokyo stocks climbed Friday after an overnight surge on Wall Street to end trading up almost 3 per cent as investors bought back shares battered by the previous day's losses.

The Nikkei 225 Stock Average jumped 235.37 points, or 2.78 per cent, to close at 8,693.82.

The recovery came after Japan's benchmark index plunged 11.41 per cent Thursday to 8,458.45, the biggest one-day drop in 21 years, after New York markets plummeted the day before.

Wall Street recovered some of its losses Thursday with the blue-chip Dow Jones Industrial Average up 4.68 per cent, the Standard and Poor's 500 Index up 4.25 per cent and the Nasdaq Composite Index up 5.49 per cent.

Tokyo's broader Topix index of all first-section issues also gained 29.77 points, or 3.44 per cent, to 894.29.

For the week, Nikkei rose 2.15 per cent, and Topix was also up 2.74 per cent.

On currency markets at midday (0300 GMT), the dollar was quoted at 101.50-55 yen, up from Thursday's 5 pm quote of 100.40-41 yen.

The euro was quoted at 1.3457-62 dollars, up from Thursday's 5 pm quote of 1.3414-15 dollars, and at 136.65-70 yen, up from 134.68-72 yen. (dpa)