STOCKS NEWS ASIA - Shares may fall on more bank worries

SYDNEY (Reuters) - Asian shares are set for a cautious start on Tuesday, with financial firms such as Mizuho Financial Group seen pressured after concerns about

further fallout from credit markets weighed down on Wall Street.

U.S. stocks had risen early in Monday's session on optimism over the government's plan to stabilize Fannie Mae and Freddie Mac.

However, the market soon turned negative as analysts noted any direct government investment in the two top U.S. mortgage lenders would further dilute their shares.

Asian share markets got a lift early on Monday following the emergency move by the U.S. Treasury and Federal Reserve, but also failed to cling on to earlier gains on concerns that the credit crisis was worse than previously thought.

Resource firms such as Australia's Newcrest Mining may rise after gold prices rose to their highest level in nearly four months as lingering fears of financial market turmoil and rising inflation boosted the metal's safe-haven appeal.

Asian stocks listed on Wall Street fell 0.35 percent overnight, while the MSCI's measure of Asia Pacific stocks excluding Japan shed 0.9 on Monday.