Asian stocks follow Wall St lower on weak U.S. services data

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 Kospi in Seoul retreated 0.6% to 3,285.34 while the S&P-ASX 200 in Sydney gained 0.9% to 7,326.90.On Wall Street, the S&P lost 0.2% to 4,343.54 on Tuesday, led by losses for banks and energy companies. The index is up 15.6% for the year. Travel, hospitality and other services industries have enjoyed a boom as U.S. restrictions on consumer activity ease.

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