Japanese stocks fluctuated as investors count down to the first U.S. interest-rate increase in almost a decade. Oil refiners gained after crude rebounded from a six-year low.

The Topix index was little changed at 1,528.03 as of 9:03 a.m., after ending Monday at the lowest level in more than a month. Three shares rose for every two that fell. The Nikkei 225 Stock Average slipped 0.2 percent to 18,850.99, swinging from a 0.1 percent gain.

E-mini futures on the Standard & Poor’s 500 Index added 0.3 percent after the underlying measure rose 0.5 percent on Monday, surging in the final minutes of trading as a rebound in U.S. crude oil to back above $36 a barrel overshadowed credit-market turbulence and weakness in commodity shares before the Federal Reserve prepares to raise interest rates on Wednesday.

Source : Bloomberg