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%.