Most Asian stock fell due to concerns over escalating violence in Iraq. The violence in Iraq could lead to disruptions in the oil supplies in OPEC’s second-biggest oil producer.

The Bank of Japan (BoJ) released its monthly economic report. The BoJ said Japan's economy has continued to recover moderately as a trend, but there is a decline in demand following caused by the consumption tax hike.

Indexes on the close:

Nikkei 225                         14,933.29                  -164.55             -1.09%

Hang Seng                        23,300.67                    -18.50              -0.08%

Shanghai Composite           2,085.98                   +15.27             +0.74%

Korean Air Lines Co. shares declined 2.2% due to increasing oil prices.

Panasonic Corp. shares sank 1.5%.