By Shinichi Saoshiro
    TOKYO, Aug 15 (Reuters) - Japanese shares slid to a nine-day
low on Thursday morning as investor sentiment was battered by a
big slide on Wall Street amid resurgent fears of a global
recession.
    The Nikkei share average  .N225  was down 1.3% at 20,387.17
as of 0157 GMT. The index touched 20,184.85, its lowest since
Aug. 6.
    All three major U.S. indexes closed down about 3% on
Wednesday, with the blue-chip Dow  .DJI  posting its biggest
one-day point drop since October, after the U.S. Treasury yield
curve temporarily inverted for the first time in 12 years
-considered a classic recession signal.  .N 
    Shares of Japanese exporters retreated as the safe-haven yen
 JPY=  strengthened against the dollar due to the widespread
risk aversion.
    Toyota Motor Corp  7203.T  fell 1.1%, Honda Motor Co
 7267.T  dropped 1.4%, Panasonic  6752.T  shed 2% and
Bridgestone Corp  5108.T  was down 1.7%.
    Financial institutions also took a hit, as the sharp drop in
bond yields was seen hurting their profitability. Mitsubishi UFJ
Financial Group  8306.T  lost 1.1%, Mizuho Financial Group
 8411.T  retreated 0.9% and Dai-ichi Life Holdings  8750.T  sank
2%.
    The broader Topix  .TOPX  was down 1.31% at 1,479.94.
    Declining shares outnumbered gainers by 1,994 to 120.
    All of Tokyo's 33 sub-indexes were in the red, with oil and
coal products  .IPETE.T  and mining  .IMING.T  the biggest
losers.

 (Editing by Richard Borsuk)
 ((shinichi.saoshiro@thomsonreuters.com; 
+813-6441-1774))