Asia stocks fall, oil up on escalating Iraq war

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A pedestrian looks at an electronic board outside a brokerage in TokyoBy Shinichi Saoshiro TOKYO (Reuters) - Asian stocks slid and crude oil scaled nine-month highs on Friday as escalating civil war in Iraq hit risk appetite. Sunni Islamist militants have extended their advance south towards Baghdad prompting President Barack Obama to warn of possible U.S. military intervention, while Iraqi Kurdish forces took control of the oil hub of Kirkuk amid the chaos. Taking its cue from an overnight slide in U.S. stocks, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS shed 0.4 percent. "Geopolitical tensions in Iraq have hit risk appetites.


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