Nikkei drops sharply, weighed down by troubled Spanish banks

* Securities take a beating, fears of Spain problems
spreading
* Exporters under pressure as yen firms
* Nikon skids on Nomura downgrade

By Sophie Knight
TOKYO, May 18 (Reuters) - Japan's Nikkei share average
dropped sharply on Friday morning with securities hammered by
fears of contagion from Spain's ailing bank system and a strong
yen pushed down exporters.
The Nikkei dropped 2.4 percent to 8,652.04, having dropped
through support at 8,800. The broader Topix followed
sui

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