Asian stocks rose this morning after upbeat earnings from Apple helped power some technology shares higher.
Earlier, MSCI's measure of Asia Pacific stocks excluding Japan had risen 1.4 per cent, climbing after two consecutive sessions of falls, while Tokyo's Nikkei average edged up 0.3 per cent.
Yesterday, the MSCI index dropped 3.1 per cent, posting its biggest one-day decline in just over two months.
But lingering worries about the full impact of the US housing slump on the world's biggest economy and credit market troubles are expected to limit the upside for stocks.
After peaking at a record high above $90 on Friday, US crude was trading at $85.79 a barrel as investors worried about slower US economic growth denting demand.
