Shares fall as S&P's euro zone downgrades rekindle fears

TOKYO, Jan 16 (Reuters) Asian shares fell on Monday on heightening worries that the mass sovereign debt rating cuts by Standard & Poor's would further aggravate euro zone funding difficulties and recapitalisation, threatening to derail progress in resolving the debt crisis.

MSCI's broadest index of Asia Pacific shares outside Japan slipped 0.3 percent, sliding from a onemonth high reached on Friday.