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Oil, FX bounce from early lows as investors hunt for bargains

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A man is reflected in a stock quotation board outside a brokerage in Tokyo, Japan, June 27, 2016. REUTERS/Toru Hanai

HONG KONG (Reuters) - Sterling and Asian emerging market currencies regained some footing on Tuesday and crude oil bounced as investors scooped up beaten down assets after Britain's shock vote to exit the European Union.

But in a sign that sentiment remained fragile, trading volumes remained light and price action was choppy across markets.

Asian shares were generally weaker, however, despite a 0.6 percent gain in U.S. stock futures (ESc1) which suggested a stronger opening on Wall Street later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after Wall Street marked its worst two-day drop in about 10 months on Monday.

The Nikkei (.N225) was down 0.3 percent even as policymakers reiterated concerns about foreign exchange moves.

"Friday's Brexit jump scare has faded, but markets...