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- Asian Stocks close: most stocks fell due to concerns over escalating violence in Iraq
Asian Stocks close: most stocks fell due to concerns over escalating violence in Iraq
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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