ASIAN MARKET NEWS 27 JANUARY 2016

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood effectively unchanged after shedding 1.2 percent on Tuesday. Australian shares were down 0.3 percent.

Asia failed to draw much support from an overnight bounce on Wall Street, where upbeat earnings results and a bounce in crude oil pushed up the Dow .DJI 1.8 percent and the S&P 500 .SPX 1.4 percent, with Tuesday's six percent tumble in Chinese shares keeping investors wary.

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