Asia-Pacific equities fell on Tuesday, following Wall Street lower, as concerns over the final shape the US government-sponsored fund dragged down sentiment and led investors to lock in profits from the previous sessions’ gains.

The record surge in crude oil prices overnight by more than $25 per barrel ahead of the expiry of the benchmark futures contract and over concerns the US dollar would weaken weighed on refiners and airline companies, though prices came down to around $108.82 in Asian trading.