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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Friday, 17 May 2013
Asia’s biggest company by market value TOYOTA by MARKET CAPITALIZATION
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