Asian Market Update : Epic Research Malaysia

Asian shares firmed on Tuesday as recently volatile crude oil prices showed some stability, though gains were limited by caution ahead of a widely anticipated U.S. interest rate increase by the Federal Reserve.

China's yuan, meanwhile, weakened against the dollar after the People's Bank of China (PBOC) set its official midpoint rate at its lowest level in more than four years for a second day.

MSCI's broadest index of Asia-Pacific shares outside Japan extended early gains and added 0.5 per cent.

But Japan's Nikkei stock index slipped about 0.3 per cent ahead of the expected US rate increase. "Investors remain jittery before the event, but after some correction, the market will likely provide bargain hunting opportunities," said Masayuki Kubota, chief strategist at Rakuten Securities.

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