With Japan, Iran and Australia the firm favourites to lift the Asian Cup, it was Iraq who shone through and reached gold. The tournament was co-hosted by Vietnam, Indonesia, Thailand and Malaysia with Vietnam the only co-hosts to reach the second round enjoying a 2-0 win over the UAE along the way. Indonesia started with a 2-1 victory against Bahrain, but were narrowly beaten and eliminated by South Korea and Saudi Arabia who both finished among the top 3 in Asia. South Korea had suffered a 2-1 shock defeat at the hands of Bahrain, but ended up finishing 3rd having had to rely on penalty shoot-outs to decide all their matches after the group stage. Having drawn 1-1 with eventual champions Iraq and beaten Oman 2-0, Thailand were 10 minutes away from the next round, but Australia who after a shock 3-1 defeat to Iraq were in need of goals, ended their dreams with 3 late goals in a 4-0 hammering of their hosts. China were the biggest name not to reach the second round, losing their final group match 3-0 to Uzbekistan. Reigning champions Japan lost a thrilling semi-final 3-2 to Saudi Arabia who were beaten 1-0 by Iraq in the final of the 2007 Asian Cup. Iraq are now the top ranked team in Asia. Reports from all the matches can be read at: http://footballreporter.co.uk/asia2007