Asian Market Update : Epic Research Malaysia

Most Asian markets edged higher on Tuesday, enjoying a slight recovery after the previous day's rout, with Greece just hours away from default, while Shanghai's suffered more sharp losses.

The euro edged down and analysts warned of volatility this week as Greece prepares for a Sunday referendum on creditors' bailout reform proposals, which European chiefs say boils down to a vote on whether the nation wants to stay in the eurozone.

Tokyo rose 0.36 per cent, Hong Kong added 0.13 per cent, Sydney gained 0.32 per cent and Seoul was up 0.35 per cent.

Shanghai continued to face heavy selling pressure, dropping five percent after plunging more than 20 per cent from a June 12 peak. Shenzhen lost more than six per cent.

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