Asia stocks edge down after Wall Street falls; oil rises

HONG KONG, June 28 — Asian shares edge down in early trade on Tuesday with investors taking their cue from a volatile Wall Street session overnight, while oil prices climbed following last week’s rout.

Australian shares .AXJO were up 0.25 per cent, while Japan’s Nikkei stock index .N225 rose 0.5 per cent. The major US stock indexes lost ground after oscillating earlier in the session, with weakness in interest rate sensitive megacaps such as Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Alphabet Inc GOOGL.O providing the heaviest drag.

US crude CLc1 ticked up 0.99 per cent to US$110.65 a barrel. Brent crude LCOc1 rose to US$116.22 per barrel.

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