Asian stocks edge up

Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed after Beijing scrambled to prop them up while some investors took shelter from market volatility in safe-haven assets such as government bonds and the Japanese yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent on the day after falling nearly 1 per cent early on, touching its lowest level since July 9 before rebounding. Main China indexes gyrated. In the mid-afternoon the Shanghai market benchmark was down more than 3 per cent, then pared some of the loss. Tokyo's Nikkei ended 0.1 per cent lower while Australian shares were down 0.2 per cent. US crude was down nearly half a per cent at $47.22 a barrel, near $46.91, its lowest since late March. Copper for August delivery, heavily influenced by demand from key consumer China, languished near a six-year low of $5,177 a tonne on the London Metal Exchange, according to Reuters.

-SRS