Fed's Paulson said the exact path of interest-rate policy depends on how the economy evolves.

South Korea's export concentration intensified in Q3 as semiconductor strength widened the gap between large and smaller firms, government data released Tuesday showed. Q3 goods exports rose 72.3% YoY to $318.6bn, the highest quarterly level since 2015. The top 10 exporters accounted for over 60% of exports, the highest share since records began in 2010. Large firms' exports climbed 103.5%, led by Samsung Electronics and SK Hynix; small- and mid-sized firms' exports rose only 12.8% and 10.7%. Semiconductor exports jumped 219% YoY to $148.0bn, or 46.5% of total exports, up from 25.1% a year earlier.

Ukraine President Zelenskiy said Ukraine will seek a leaders' meeting, but it is unclear whether Russia is ready.