Asian Market Update : Epic Research Malaysia

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 US monetary policy.

Oil prices nursed losses after shedding more than 2 per cent overnight, which brought Brent to one-month lows, as investors doubted that oil producing countries would freeze output to address a global glut.

Brent skidded 0.5 per cent to US$37.51 a barrel after losing 2.5 per cent on Monday. US crude lost nearly 3 per cent overnight, and on Tuesday was down about 0.7 per cent at US$35.45.

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