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Tosoh Falls Most in 2 Months After Plant Catches Fire

Nov. 14 (Bloomberg) -- Tosoh Corp. fell the most in more than two months in Tokyo trading after a chemical plant operated by the company in Yamaguchi prefecture, western Japan, caught fire.

Tosoh slid as much as 7 percent, the biggest intraday loss since Sept. 6, and traded 4.4 percent lower at 219 yen as of 9:30 a.m. on the Tokyo Stock Exchange. The benchmark Nikkei 225 Stock Average rose 1.5 percent.

A worker was found dead this morning at the factory, Tosoh President Kenichi Udagawa said today at a news conference in Tokyo. The fire at the plant is "almost extinguished," Yasuyuki Koie, a managing director at the chemical maker, said.

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

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