Investors continue to boost stock markets in the US and Asia, despite warnings from the Trump administration and stalled Iran peace talks. Billionaire investor Ray Dalio has warned that the US economy is in a "stagflationary period," usually leading to central banks being unable to cut or raise rates to combat inflation or stimulate growth. However, the S&P 500 and the Nasdaq Composite rose to new highs overnight, indicating that investors are ignoring these warnings. Meanwhile, South Korea's Kospi briefly touched a new record high. Iran has reportedly offered a new proposal to the U.S. for reopening the Strait of Hormuz and ending the war, while China has moved to block Meta's $2 billion acquisition of Manus, a Singaporean artificial intelligence startup with Chinese roots.