Japanese stocks increased by around 0.8% due to a weaker yen and signs of economic slowdown.

In contrast, South Korean shares, especially those of battery manufacturers, declined following reports that former President Donald Trump might eliminate a tax credit for electric vehicle purchases.

In early Asian trading, US contracts experienced a slight dip.

In mainland China and Hong Kong, shares opened lower as investors awaited retail and industrial production data, which would provide insights into the effectiveness of Beijing's stimulus measures.

Recent data showed that home prices in China fell at a slower rate in October, leading to market speculation.

The dollar remained relatively stable after a five-session rally, supported by comments from Federal Reserve Chair Jerome Powell, who indicated that the central bank is not rushing to cut interest rates.

As a result of these remarks, US two-year yields surged, causing traders to reassess their expectations for a rate reduction in December.