Hong Kong CNN —
A comeback rally in Japanese stocks has quickly lost steam, as the specter of a US economic slowdown and further yen volatility cast a long shadow across global financial markets.
The Nikkei 225 ended down 0.7% on Thursday, snapping a two-day winning streak. Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined.
The benchmark Japanese index had soared in the past two sessions after a dramatic rout on Monday, as investors took some solace from the words of central bank officials.
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