TOKYO (Reuters) - Japan's Nikkei average fell more than 7 percent on Thursday as exporters were battered by a stronger yen, while fears about the economy fed by dismal U.S. data overcame euphoria after Barack Obama was elected president.
Most automakers tumbled, with Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) down 9.4 percent on fears about its earnings, due out after the close, while Isuzu Motors Ltd (7202.T: Quote, Profile, Research, Stock Buzz) plunged 20.7 percent after it cut its outlook and a brokerage downgrade.
At 0535 GMT the benchmark Nikkei .N225 had shed 672.10 points to 8,849.14. The broader Topix .TOPX was down 6.4 percent to 904.82.
