Asian stocks backed away from 2-1/2-month high on Wednesday and the dollar found support as investors' tempered some of their earlier enthusiasm about the prospect of an end to U.S. rate hikes.
Oil prices barely moved during Asian trade on Wednesday as the market awaited potentially mixed news on the supply front, with the OPEC+ producers group expected to discuss output cuts and U.S. crude stocks forecast to show a big build-up.
The dollar index held around 2-1/2-month lows after minutes of the Federal Reserve's last meeting did little to dislodge market expectations that its monetary tightening cycle was over.
Malaysia’s total trade for the January to October 2023 period breached the RM2 trillion mark.
Thailand’s economic growth unexpectedly slowed in the third quarter as manufacturing slumped on weak exports, supporting the case for the new government to proceed with its planned $14 billion cash handout program.
Indonesia posted a third quarter current account deficit of $0.9 billion, equivalent to 0.2% of gross domestic product, the central bank said on Tuesday, much smaller than the previous three months owing to recovering demand in some export commodities.