Asia stocks dip on likely smaller Fed rate cut, oil gains.

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1%.South Korea's KOSPI shed 0.3%,

Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%.

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