Nikkei hits new 2-year low, led down by exporters

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By Taiga Uranaka

TOKYO, Jan 16 (Reuters) - Japan's Nikkei stock average fell to a fresh two-year low on Wednesday as investors sold Sony Corp and other exporters on fears of a possible recession in the key U.S. market and a surging yen.

Shares of big banks fell sharply on concern about the widening impact of the U.S. subprime crisis, with Mizuho Financial Group hitting its lowest in more than three years after it said it would invest ...