New Delhi, Sept. 8 -- Hong Kong's Hang Seng and South Korea's KOSPI were among the Asian markets hit by selling pressure in Tuesday's trade, September 8, as crude oil prices approached $100 per barrel amid fears that supply disruptions in West Asia could deepen following the latest escalation of attacks in the region.

The surge in oil prices has fuelled concerns over inflation and raised expectations that central banks could keep interest rates higher for longer, offsetting a rebound in optimism around artificial intelligence (AI) stocks.

Barring Indian equities, most major Asian markets opened higher but failed to hold on to their gains by the close. South Korea's KOSPI fell 0.6% to 6,954.52, giving up all of its intraday gains after b...