TOKYO, Aug 31 (Reuters) - Japan's Nikkei average fell on Monday as a stronger yen sent exporter shares lower and weak Shanghai stocks added pressure, erasing an jump to an 11-month high after an opposition election win.
Sunday's landslide victory for Yukio Hatoyama's Democratic Party ends a half-century of almost unbroken rule by the Liberal Democratic Party and breaks a deadlock in parliament, and analysts said the Nikkei's volatile moves showed the market was grappling with how to interpret the win. The benchmark Nikkei lost 0.4 percent to 10,492.53 after earlier rising as high as 10,767.00 yen, an 11-month high. The broader Topix also lost 0.4 percent to 965.73. (Reporting by Elaine Lies; Editing by Rodney Joyce)