Japanese stocks turn positive on Citigroup news

TOKYO, Nov 27 (Reuters) - Japanese stocks turned positive on Tuesday, erasing an earlier fall of more than 2 percent, after Citigroup said it had reached a deal to sell $7.5 billion worth of equity units to the Abu Dhabi Investment Authority.

The dollar jumped 1 percent against the yen. Both the benchmark Nikkei .N225 and the broader TOPIX <.TOPX) reversed earlier losses, with the Nikkei up 0.8 percent at 15,250.22 as of 0343 GMT and the TOPIX up 0.5 percent at 1,473.90. (Reporting by Elaine Lies)