TOKYO - Stocks in Asia were flat and oil slid on Tuesday.

Japan's Nikkei share gauge set a new intraday record high before heading lower. The US dollar held on to gains from the previous session as traders awaited policy hints from the Federal Reserve ahead of its annual gathering in Jackson Hole, Wyoming.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 percent after US stocks ended the previous session with mild losses.

Pan-region Euro Stoxx 50 futures were up 0.2 percent, while contracts for the German DAX and FTSE both crept up 0.1 percent.

Japan's Nikkei stock index rose at the open before sliding 0.1 percent, dragged lower by a 2.5 percent plunge in SoftBank Group after the company announced a $2 billion stake in struggling US chipmaker Intel.