Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
In early Asian trade, however, Australian S&P/ASX 200 futures were up 0.44per cent and Japan's Nikkei 225 futures had advanced 0.86per cent. Crude prices inched up on a report that Russia would back broadly stable oil output when the Organization of the Petroleum Exporting Countries and allies meet this week.
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