"Asia Markets Brace for Third-Quarter U.S. GDP Figures, Anticipating a Decline"

Most Asia-Pacific markets fell following a drop in Wall Street, while Hong Kong's Hang Seng index and China's CSI 300 reversed earlier losses. Economists expect the US economy to post a 5.2% year-on-year growth in Q3, with the Personal Consumption Expenditures price index expected to climb 2.3%. South Korea's HMM saw a sharp decline in its stock price after a three-day rally, while Toyota led losses on the Nikkei 225 index due to safety issues. South Korea's producer prices rose at their slowest pace in four months. In other news, experts discuss creating a diversified portfolio for 2024, Citi upgrades a European stock, Morgan Stanley warns that the Fed may not cut interest rates until June, and oil prices remain largely flat as traders weigh US production against Red Sea threats. Additionally, the 10-year US Treasury yield falls to its lowest level since July, and Citigroup plans to close its distressed-debt business.