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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%.
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