Asia stocks subdued after retreat in Europe

Asian stocks were subdued early on Tuesday following a retreat in European shares overnight, while crude oil prices remained bearish following the lifting of sanctions against major producer Iran. 

Asia had no leads from Wall Street as the U.S. markets were closed on Monday for Martin Luther King Day. 

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.1 percent, touching its lowest since 2011. Tokyo's Nikkei shed 0.3 percent.

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