Toyota falls as China plants stay shut after Tianjin blasts

Tokyo

TOYOTA Motor Corp fell the most in Tokyo trading since the aftermath of Japan's 2011 tsunami, after saying its biggest source of production in China will remain closed for at least two weeks following deadly explosions.

Toyota declined 6.7 per cent, the steepest drop since March 15, 2011. It outpaced the 5.9 per cent slump in Japan's benchmark Topix index as global stocks retreated and a strengthening yen pummelled exporters.