August 31, 2009 / 6:12 AM / 10 years ago

Nikkei off 11-mth post-election high on yen, China

TOKYO, Aug 31 (Reuters) - Japan’s Nikkei average fell on Monday as a stronger yen sent exporter shares lower and weak Shanghai stocks added pressure, erasing an jump to an 11-month high after an opposition election win.

Sunday's landslide victory for Yukio Hatoyama's Democratic Party ends a half-century of almost unbroken rule by the Liberal Democratic Party and breaks a deadlock in parliament, and analysts said the Nikkei's volatile moves showed the market was grappling with how to interpret the win. [ID:nPOLJP] The benchmark Nikkei .N225 lost 0.4 percent to 10,492.53 after earlier rising as high as 10,767.00 yen, an 11-month high. The broader Topix .TOPX also lost 0.4 percent to 965.73. (Reporting by Elaine Lies; Editing by Rodney Joyce)

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