Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Crude pulls back from prior gains amid pause in US military action on Iran

Bond selloff abates as oil prices ease

South Korea’s Kospi sank more than 4% in early trading and was down 3.5% at 7,249.73 by midday.

The S&P 500 was down 0.3 per cent after flipping between modest gains and losses.