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Asian stocks fall, oil up on escalating Iraq war, yen buoyant

Asian equities fell and crude oil hovered near nine-month highs early on Friday as escalating civil war in Iraq hit risk appetite.

Japan`s economy grows 1.6% in January-March

Japan`s economy saw its strongest expansion in more than two years during the first quarter of 2013, revised data showed Monday, but a sales tax rise has weighed on growth since the levy hike.

Asian shares ease back, Tokyo lifted by weaker yen

Asian markets mostly fell Monday, retreating from the previous day`s gains, but Tokyo bucked the trend as the yen dipped against the dollar, while the euro rebounded from losses in the previous session.

Nikkei rises to seven-week high

Japanese shares ended at a 7-week high on Monday, with financials leading the gains, helped by the yen`s retreat against the dollar and a record-high for Wall Street on upbeat U.S. housing data.