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Equities

Trump-tied stocks in US, Japan getting a reality check

Defense, health care rally; infrastructure down

TOKYO --  Investors have snapped up U.S. and Japanese stocks that they expect will benefit from the election of Donald Trump as American president, but they are now becoming more selective, focusing on the Trump policies that have a real chance of being implemented.

Funds are flowing into shares related to the defense and health care policies supported by the Republican Party, which controls both houses of Congress. On the other hand, infrastructure-related stocks are on a weak footing. 

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