Tokyo stocks surged more than six percent Monday, rebounding after huge losses last week as a weaker yen and bargain hunting drove the market, with investors shrugging off a contraction in Japan's economy.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange soared 6.70 percent, or 1,001.95 points, to 15,954.56 in afternoon trade, clawing back from an eye-watering loss of more than 11 percent last week.

The broader Topix index of all first-section shares skyrocketed 7.85 percent, or 93.85 points, to 1,290.13.