TOKYO: Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market's enthusiasm.
Stocks on Wall Street hovered near break-even on Monday as the benchmark S&P 500 index was about 1 percent away from its record high hit in September, while the S&P energy index led gains on higher oil prices. Washington said it would eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions.International benchmark Brent crude soared 2.9 percent to settle at US$74.04 a barrel on Monday and U.S. West Texas Intermediate crude jumped 2.7 percent to settle at US$65.70. Both indexes climbed to nearly six-month highs during the session.But sharp gains in oil prices have so far had a limited impact on the broader financial markets.
Against the Japanese yen, the dollar was largely flat at 111.96 yen, while the euro was steady to the greenback at 1.2530.
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