President Trump pauses the ‘Project Freedom’ operation after revealing that progress has been achieved on a potential deal with Tehran to end the conflict. U.S. Secretary of State Marco Rubio says reopening the Strait of Hormuz is paramount, not military action. Equity markets respond positively to the news. In Asia, south Korea’s KOSPI rallies by more than 7 per cent with A.I. and chips stocks leading the way. Novo Nordisk is up ahead of the market open and hikes its guidance. The Danish pharma giant’s Wegovy weight-loss pill sales are up by more than DKK1bn.   

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