Japanese automaker Toyota led losses on the Japan’s benchmark Nikkei 225 index Thursday, closing decrease by 4%.
The sharp fall got here after Toyota announced a recall of about 1,000,000 automobiles on Thursday.
The security recall concerned sure 2020-2022 Toyota and Lexus fashions in the US.
The sell-off additionally comes after Toyota subsidiary Daihatsu halted shipments of all its vehicles on Wednesday, after an investigation discovered questions of safety with its vehicles, together with instances the place airbag management models utilized in airbag exams for some fashions have been completely different from those offered to the general public.
A impartial panel had been probing Daihatsu after it said in April it had rigged side-collision security exams carried out for 88,000 small vehicles, most of these offered as Toyotas.
Japan’s wider Nikkei 225 plunged 1.50% Thursday, whereas the Topix fell 0.9%, dragged down by the protection scandals at Toyota. Most Asia-Pacific markets fell after Wall Road dropped in a single day.
Toyota shares year-to-date
