Asian stocks hit a 10-year high oil prices pushed up by the situation in Iraq

Asian stocks rose to a 10-year high on Monday, with US crude oil futures jumping around the six-month high, as the tensions between the Iraqi government and the Kurdish arm were escalating and threatened to supply.

The Iraqi army began to move to the Kurdish freezer-controlled oil field near Kirkuk at midnight on Sunday. Kirkuk has a wealth of oil resources.

Affected by this, US crude oil futures rose 0.9 percent to $ 51.92 a barrel, from the end of last month hit the highest since April 52.85 US dollars is not very far. Brent crude futures rose 1.2 percent to $ 57.88 a barrel.

MSCI Ming Sheng Asia Pacific (excluding Japan) index rose for the fifth consecutive day, hit the highest since the end of 2007.

Japan's stock market Nikkei index .N225 rose for the sixth consecutive day, the highest since November 1996 the highest level. Australian stocks rose 0.6% for the fourth consecutive day higher. China's stock market Shanghai Composite Index .SSEC rose 0.1%.