Asian shares mostly lower after fresh Wall St records

Shares are mostly lower in Asia, with Chinese markets weighed down by concerns over property developers

TOKYO -- Shares were mostly lower in Asia on Friday, with Chinese markets weighed down by concerns over property developers.

Benchmarks fell in Shanghai, Hong Kong, Tokyo and Seoul but rose in Sydney and Taipei.

Jitters over troubles in the property sector flared after Kaisa Group, a Chinese developer, announced that Hong Kong-traded shares in its companies were suspended after it failed make payments on wealth products it had guaranteed.

Tightened controls on borrowing by highly leveraged real estate companies have been rattling markets after one of the biggest, Evergrande Group, failed to make payments on some of its debt.