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Asia Markets: Asian markets turn higher after Trump’s State of the Union speech

Asia-Pacific shares broadly turned around early declines as President Donald Trump struck a mostly conciliatory tone in his first State of the Union address.

After some of the biggest declines in several months Tuesday, indexes in Australia XJO, +0.25% , Hong Kong and South Korea SEU, -0.05% turned higher, gaining as much as much as 0.5%.

“It is not a market-upsetting speech; rather a motherhood and apple pie in the great American tradition,” said Rob Carnell, head of research for Asia-Pacific at Dutch bank ING.

He noted there was no major criticism of Russia and China while details on infrastructure spending were thin.

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