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RPT-Nikkei falls 3.6 pct on economic fears, Toyota warning

Fri Nov 7, 2008 1:25am EST

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TOKYO, Nov 7 (Reuters) - Japan's Nikkei average fell 3.6 percent on Friday as growing global economic worries sent the yen higher and hit exporters, with Toyota Motor Corp (7203.T) sliding after a shock forecast cut. Toyota tumbled 9.2 percent after warning that profits this year would hit a 13-year low, as the financial crisis cripples demand for its cars, cuts access to credit and sends the yen higher. [ID:nT27754]

Thanks to bargain hunting, the benchmark Nikkei .N225 pared losses that at one point took it down more than 7 percent.

It finish down 316.14 points at 8,583.00, its lowest close in a week.

The broader Topix shed 3.3 percent to 879.00. (Reporting by Elaine Lies)

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