Tokyo stocks rebound over rate hike speculation

TOKYO, Dec. 2 (Xinhua) -- Tokyo stocks rebounded Monday as speculation of an additional rate hike by the Bank of Japan at its December policy meeting boosted banking and insurance stocks.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 304.99 points, or 0.80 percent, to close at 38,513.02.

Besides the rate hike expectation, reports that the Government Pension Investment Fund (