Asian shares slipped in early trade on Tuesday, pressured by losses on Wall Street against a backdrop of slumping crude oil prices and mixed messages on the outlook for U.S. monetary policy.
Oil prices nursed losses after shedding more than 2 percent overnight, which brought Brent to one-month lows, as investors doubted that oil producing countries would freeze output to address a global glut.
Japan's Nikkei stock index .N225 dropped 0.7 percent, as the dollar wallowed around two-week lows against the yen.
US stocks closed in negative territory to start the week, with lower oil prices hampering the market.
The Dow Jones fell 55.75 points, the S&P500 declined 6.65 points whilst the tech heavy Nasdaq lost 22.75 points.
There were losses in autos, materials and homebuilders, whilst health care and telecoms were higher on the day.
European shares were modestly higher. The FTSEurofirst 300 index rose by 0.5%, with the German Dax and the UK FTSE were both up 0.3%.
Reference: Reuters, MKS Group
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