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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, +0.34% , Hong Kong and South Korea SEU, +0.94% turned higher, gaining as much as much as 0.5%.
European stocks fell Tuesday, tracking losses across global markets, as investors grew increasingly concerned about a sharp rise in U.S. bond yields and its impact on the cost of borrowing. Heavily-weighted oil companies led the decliners, as crude-oil prices came under pressure.
U.S. stocks sold off for a second straight session on Tuesday, with the Dow suffering its biggest one-day drop in eight months, as heavy losses in health-care and energy shares weighed on the main indexes. The Dow Jones Industrial Average was down as much as 400 points after Amazon, Berkshire Hathaway and JPMorgan Chase announced they would partner in an effort to cut health-care costs and improve services for U.S. employees.
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