Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023.

The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day.

Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks on their return from a holiday-extended weekend.

Thailand's new cabinet approved on Monday higher budget spending of 3.48 trillion baht ($97.64 billion) for fiscal year 2024, along with a larger budget deficit of 693 billion baht, the deputy finance minister said on Monday.

Singapore and China have seen an increase in their overall scores in the Natixis Investment Managers Global Retirement Index 2023, according to findings released on Monday. The index, which evaluates factors such as tax pressures, inflation, and old-age dependency, ranked Singapore 26th and China 38th among other nations, indicating a significant improvement from previous years.

The Bank of Japan's ultra-loose monetary policy, which was aimed at "buying time" to push through structural reforms, will eventually end as inflation accelerates, Japanese industry minister Yasutoshi Nishimura said on Tuesday.