Nikkei at eight and a half month high on weak yen, most Asian shares drop
TOKYO (Reuters) – The Liberal Democratic Party of Japan’s election triumph drove the yen to a 20-month low against the dollar that propelled the Nikkei stock average to a 8-1/2-month closing high on expectations Japanese firms will have much better export earnings. But regional bourses succumbed to profit-taking from last week’s rally as investors wound down positions ahead of the holiday season amid worries that Washington won’t avert the "fiscal cliff" of tax hikes and spending cuts that could hurt the U. S. and global economy. . . .
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