(Updates to midmorning)
TOKYO, Nov 4 (Reuters) - The Nikkei average gained 3.7 percent on Tuesday after a sell-off the previous trading day as exporters gained on a softer yen, while electronics maker Panasonic jumped after reports it would take over Sanyo Electric .
Japanese markets were closed for a public holiday on Monday, while U.S. stocks ended little changed as investors were unwilling to place big bets before the presidential election. [.N]
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