Japan stocks fall to 1-week low on Wall Street, yen

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TOKYO, Nov 2 (Reuters) Japanese stocks tumbled to a one-week low on Friday after sharp losses on Wall Street sparked by renewed credit fears hit bank shares, with a stronger yen undercutting exporters such as Honda Motor Co Mitsubishi UFJ Financial Group and other financial stocks were battered by poor sentiment carried over from U.S. trade, which saw downgrades of banking giants Citigroup and Bank of America.

The benchmark Nikkei average ended the morning session down 1.71 percent at 16,581.27 percent after falling as low as 16,484.54 -- its lowest since Oct. 26.

The broader TOPIX was down 1.57 percent at 1,610.11.

Both had earlier fallen more than 2 percent.

Reuters BJR VP0752

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