Market Report – Toyota Continues to Plummet

In today’s market report… Asian stocks fell broadly with financial markets cautious as regional earnings and auto sector news weighed on sentiment.

The Nikkei declined with Toyota Motor hitting a 10-month low on investor concerns over its massive vehicle recall.

Honda jumped after the automaker raised its annual outlook far beyond market expectations.

Shares in South Korean automakers also rallied on hopes they would pick up the U.S. market share from Toyota.

Shares in consumer electronics giant Sony declined ahead of earnings, which showed a lower smaller loss expected for the year.

In Hong Kong, shares of world No. 4 PC maker Lenovo fell ahead of quarterly results later in the day.

NTDTV