Stocks markets surge as Trump calls off strikes on Iran, touts peace deal

US President's announcement of calling off planned strikes against Iran has led to a surge in stock markets worldwide. The S&P500 index finished nearly 1.8 percent higher, while the Nasdaq Composite jumped 2.5 percent and the Dow Jones Industrial Average gained about 1.9 percent. Markets in Japan, South Korea, Taiwan, Hong Kong, and Australia also raked up gains, with South Korea's Kospi surging more than 8 percent and Japan's Nikkei 225 rising as much as 4 percent