Asian stocks follow Wall St lower on weak US services data
ABC News
Asian stock markets have followed Wall Street lower after U.S. services activity weakened
BEIJING -- Asian stock markets followed Wall Street lower Wednesday after U.S. services activity weakened. Market benchmarks in Tokyo, Hong Kong and Seoul declined. Shanghai advanced. Overnight, Wall Street's benchmark S&P 500 index broke a seven-day streak of record closes and fell after the Institute of Supply Management reported service industry activity grew in June at a slower rate than forecast. The “disappointing drop” suggests the U.S.recovery “is not immune” to global pockets of resurgence of the coronavirus, said Mizuho Bank in a report.More Related News