Asia stocks fall, oil up on escalating Iraq war, yen buoyant
June 12, 2014 at 20:43 PM EDT
TOKYO (Reuters) - Asian equities fell and crude oil hovered near nine-month highs early 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.