South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up pace in the second half of 2023, and pledged closer ties with the United States to bolster crisis management capabilities.

Japan's factory output rose much less than expected in September, government data showed on Tuesday, as demand slowed significantly, adding to uncertainty hanging over the export-reliant economy's outlook.

Japan's government warned on Monday that the conflict in the Middle East could impact the economy through energy costs, while keeping its view that the economy was recovering moderately.

China's manufacturing activity unexpectedly contracted in October, an official factory survey showed on Tuesday, underlining the challenge facing policymakers trying to engineer a durable economic recovery.

Chinese manufacturing activity unexpectedly shrank in October, while non-manufacturing activity grew at a slower pace as domestic businesses faced continued pressure from worsening local and overseas demand. 

Despite factory closures due to strikes in October, analysts from Cox Automotive project a roughly 4% increase in U.S new vehicle sales compared to the same month last year. This estimate, however, remains below the pre-pandemic annual sales of over 17 million cars. In 2022, the number of cars sold fell to below 14 million. If current trends hold, around 15.8 million cars are expected to be sold this year.