Toyota has accelerated past South Korea’s Samsung Electronics to become Asia’s biggest company by market value, after the Japanese automaker’s shares doubled in the past year. Toyota’s market capitalisation stood at ¥22.23 trillion ($217 billion) on Thursday, beating out the Galaxy smartphone and tablet computer giant which was worth the equivalent of ¥20.32 trillion. Toyota, also the world’s biggest automaker, has seen its shares jump on the back of improving financial results. Samsung overtook the Japanese giant in the market value table in 2011, as the South Korean conglomerate notched up huge profits in its global battle with US rival Apple. Toyota’s Tokyo-listed shares finished at ¥6,450, more than double their ¥3,165 closing price a year earlier...
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