US stock markets experienced a significant rebound as President Trump announced that he would back off threats of new tariffs related to Greenland. The Dow surged nearly 600 points, while the S&P 500 and Nasdaq also saw substantial gains. Investors reacted positively to the news of a framework for a deal on Greenland, leading to a rally across major indexes. In Asia-Pacific markets, optimism spread as well, indicating a broader recovery as tensions eased. Despite lingering doubts, Wall Street closed higher, bolstered by the avoidance of further escalation in trade disputes.