Most Asia-Pacific markets fell Thursday after Wall Street dropped overnight, while investors awaited gross domestic product reading and inflation numbers from the U.S.

However, Hong Kong’s Hang Seng index reversed earlier losses to rise 0.31%, while the mainland Chinese CSI 300 climbed 0.73%.

Economists polled by Reuters expect the U.S. economy to post a 5.2% year-on-year growth in the third quarter, while the Personal Consumption Expenditures price index is expected to climb 2.3% in the same period — its slowest rise since the fourth quarter of 2020.

In Australia, the S&P/ASX 200 was down 0.45%, closing at 7,504.1.

Japan’s Nikkei 225 plunged 1.59% to end at 33,140.47 after nearly reaching a 33-year high on Wednesday, while the Topix fell 1% to close at 2,325.98. Both the indexes were dragged lower by safety scandals at automaker Toyota.

South Korea’s Kospi also dropped 0.55% to finish at 2,600.02, while the small-cap Kosdaq shed 0.41% to end at 859.44, snapping a three-day winning streak.

Overnight in the U.S., all three major indexes lost ground as investors took some profits, after nine straight days of gains for the Dow Jones Industrial Average and the Nasdaq Composite.

The Dow slid 1.27%, while the tech heavy Nasdaq tumbled 1.5%. The broader S&P 500 declined 1.47%, after coming within 1% of its all time high of 4,796, hit in January 2022.

— CNBC’s Sarah Min and Samantha Subin contributed to this report