Oil prices fell 1% in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less than earlier anticipated.

Malaysia's export sector demonstrated signs of resilience in October, with the pace of contraction easing more than expected. The latest data shows exports decreased by 4.4% year-on-year, surpassing analysts' predictions of a 5% decline. This improvement was mirrored in import activity, which also exceeded expectations with a marginal dip of 0.2%, contributing to a trade surplus of MYR12.9 billion—the smallest seen in the last six months.

New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc.

U.S. retailers across apparel, electronics and home improvement are bracing for a challenging holiday season, a sign that higher discounts might not spark the level of spending the companies are hoping for during their most important period of the year.

Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.

Singapore's economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to the outlook from inflation and geopolitics.