Asian shares fall on Chinese developers' woes

HONG KONG: Falls in Chinese property stocks pushed Asian shares down for a fourth day on Thursday, reversing initial gains, while the dollar was in the doldrums floating within its recent range.

MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.8%, and 2.8% lower on the week, while Japan's Nikkei shed 0.71%, but after hitting a 31-year high on Monday.