Asian shares wobbled in early trade on Tuesday and were on track for a monthly loss, while the dollar edged away from recent peaks scaled on heightened expectations the U.S. Federal Reserve will raise interest rates as soon as next month.
Underpinning Asian sentiment, European shares hit one-month highs on Monday amid otherwise light trade with markets in London and New York closed for public holidays.
"With UK and US markets closed overnight, Asian markets will be looking to Europe for leads today," Angus Nicholson, market analyst at IG, said in a note.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat in early trading, ending more than 2 percent lower for the month.
Japan's Nikkei stock index .N225 slipped 0.3 percent after rallying 1.4 percent in the previous session. It was up 2 percent for May, getting a tailwind from a weaker yen.
Reference: Reuters
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