Nikkei loses 1.6 pct, banks track US shares lower

Newswire

(Adds stocks and comments) By Taiga Uranaka TOKYO, Nov 16 (Reuters) - The Nikkei average fell 1.6 percent on Friday, with Mizuho Financial Group Inc and other bank shares tracking falls in U.S. financial shares on growing credit woes. Exporters such as Canon Inc and Toyota Motor Corp also slid, hurt by concern about the outlook for the U.S. economy and the strong yen. "It became uncertain again whether the U.S. stock market has hit bottom. The market needs to see if subprime-related ...

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