The Tokyo Stock Exchange’s benchmark index had another volatile session on Thursday, with the Nikkei 225 ending down for the first time in three trading days.
The index finished at 34,831, down 0.7 percent. It briefly fell nearly 900 points following an overnight drop in New York, where investors remain concerned about a possible slowdown in the US economy.
The Nikkei 225 has seen wide swings this week. It started with its largest ever single-day fall on Monday, plunging more than 4,400 points. That drop was even bigger than the Black Monday crash of 1987.
On Tuesday, the index rebounded by over 3,000 points, beating the previous record for a one-day gain set in October of 1990.
The Nikkei 225 added more than 400 points on Wednesday after the Bank of Japan’s deputy governor said the central bank would not raise rates when markets are in such a volatile state.