Asian Market Update : Epic Research Malaysia

Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece's position in the euro and volatility in mainland Chinese share markets.

Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan , which fell to six-month low on Monday, was up 0.2 percent.

European and US stocks fell on Monday after Greeks voted overwhelmingly to reject more austerity. However, despite the uncertainty and general risk aversion stemming from the Greek saga, most markets were relatively becalmed following the initial selloffs.

The euro also rebounded from Monday's one-week low to fetch USD 1.1045 <EUR=>.

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