The U.S. election is still very much in play, but a victory by Joe Biden would likely see him wanting the U.S. back in the TPP in some new form, says a Harvard professor.
United Overseas Bank will report earnings on Wednesday, while DBS Group Holdings and Oversea-Chinese Banking Corp will release their report cards on Thursday.
"If we had instant, systematic testing, we wouldn't be here. We wouldn't be talking now about the pandemic," said Nassim Taleb, author of "Black Swan."
The Caixin/Markit Purchasing Managers' Index for Chinese manufacturing came in at 53.6 for October, better than the 53.0 forecast by analysts in a Reuters poll.
Shares of Apple suppliers in Asia fell on Friday after the Cupertino-based tech giant reported fourth-quarter earnings that slightly beat Wall Street expectations.
The sustained increase in coronavirus cases seen in the U.S. as well as across Europe likely weighed on investor sentiment in Asia-Pacific on Thursday.
White House coronavirus advisor Dr. Anthony Fauci is scheduled to hold a discussion Wednesday with the the Journal of the American Medical Association.
Oil prices fell in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 2.26% to $40.27 per barrel. U.S. crude futures also dropped 2.88% to $38.43 per barrel.
As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be "limited" as the region remains resilient, according to a Credit Suisse strategist.
Hong Kong-listed shares of HSBC rose 4.8% on Tuesday as Europe's largest bank by assets reported a higher than expected third quarter pre-tax profit.
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