Japan's Nikkei sheds 1.1 pct on U.S. fiscal concerns

Wed Nov 7, 2012 7:04pm EST

TOKYO, Nov 8 (Reuters) - Japan's Nikkei average shed 1.1
percent in early trade on Thursday, hurt by downbeat investor
sentiment on concerns that U.S. fiscal woes confronting
President Barack Obama after his re-election could trigger a new
recession. 
    The Nikkei lost 98.23 points to 8,874.66, breaking
below its 75-day moving average at 8,888.10, while the broader
Topix index fell 1 percent to 737.83.