Toyota shares plunge after shock profit warning

TOYOTA, Japan (Reuters) - T

TOKYO (Reuters) - Shares of Toyota Motor Corp fell 0.5 percent early on Friday after the world's largest carmaker reported better-than-expected quarterly results the previous day and raised its outlook despite the ongoing recall turmoil.

Global stocks plunged on Friday on the increasing prospect of a sharp economic downturn, with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt.European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia and on Wall Street as traders nervously awaited vital US employment figures for July due at 1230 GMT and wondered whether a so-called double-dip recession was in sight.