I skipped the first two stages (Japan and Brazil), because in the first loop, they are super easy even on Hard, but they appear on the second loop.
This is the AES version of the Arcade version, the ASIA AES version you can only play with 4 credits total.

STAGES

First Loop
0:13 - France
1:58 - America
3:20 - Australia
5:36 - Bonus Stage 2
6:03 - Mexico
8:15 - Hawaii
10:11 - Fortress

Second Loop
12:50 - Japan
14:22 - Brazil