Asian stocks run out of steam, euro vulnerable

A rebound in Asian stocks ran out of steam on Thursday, as worries over the widening impact of the euro zone crisis and the faltering US economy gnawed at investor confidence.

The euro edged down, and remained vulnerable to concerns that European efforts to contain a two-year-old sovereign debt crisis are flagging.

"Volatility still persists and the market is likely to continue to dance to the tune of policy risks involving the US and European economies," said Kim Hyung-ryol, a market analyst at Kyobo Securities in Seoul.

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