U.S. manufacturing took a step further towards recovery in September as production picked up and employment rebounded, according to a survey on Monday that also showed prices paid for inputs by factories falling considerably.

Despite the World Bank lowering its forecast for Malaysia's gross domestic product (GDP) growth in 2023 to 3.9% from an initial projection of 4.3%, Malaysia's Deputy Finance Minister I Datuk Seri Ahmad Maslan has stated that the country will maintain its GDP forecast between 4% and 5% for the same year. The announcement was made on Tuesday, during the Malaysia-China Entrepreneur Macro Health Forum and Grand Sian Celebrity Charity Gala Night.

The euro zone's benchmark German bond yield rose on Monday towards last week's 12-year high as the selloff in debt markets continued after a brief pause on Friday.

U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the "Detroit Three" for the rest of the year, analysts said.

The World Bank has revised its growth estimates for developing countries in East Asia and Pacific for 2023 and 2024, according to the organization's East Asia and Pacific October 2023 Economic Update. The gross domestic product (GDP) growth is now estimated at 5% in 2023 and 4.5% in 2024, compared to April's forecasts of 5.1% and 4.8% respectively. This revision comes as the region grapples with tighter finances and a weak global environment.

Asian shares slid on Tuesday to their lowest this year as worries over higher U.S interest rates for longer period gripped markets, while the yen wobbled near a one-year low, keeping traders on alert for a possible intervention.