ASX bounces as US President Donald Trump backs down from biggest attack since the second war. The benchmark ASX 200 jumped 42.50 points or 0.47 per cent to 9019.30, while the broader All Ordinaries added 41.40 points or 0.45 per cent to 9178.40. Picture: NewsWire / Max Mason-HubersBefore opening, the futures market pointed to a massive 1 per cent drop, before swinging on news Mr Trump has called off plans for further strikes on Iran. Mr Trump said that negotiations with Iran will begin Monday after he decided to hold off on new strikes against the Islamic republic to pursue a deal. They knew the extent of the attack because they saw it forming," Mr Trump told reporters on Sunday aboard Air Force One.