Asia shares slip as markets reprice Fed expectations, oil gains

Asian stocks mostly eased and ​oil prices regained strength early on Tuesday after the US waived sanctions on Iran, while traders grappled ‌with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, while S&P 500 e-mini futures slipped 0.2%. Brent crude was up 0.2% at $78.03 per barrel. The Nikkei 225 was off ​0.6%, retracing some losses after data showed Japan’s manufacturing sector sustained robust growth in June, with new orders ​surging to their fastest pace in more than four years.