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Data from the Federal Reserve Bank of San Francisco shows that over the past four quarters ending in the second quarter, U.S. total factor productivity (TFP) grew by 1.10%, lower than the 1.61% in the first quarter; utilization-adjusted TFP declined by 0.42%, with the annualized decline reaching 2.19% in the second quarter alone. Aggregate data indeed has not yet shown a productivity leap brought about by AI. The latest research from the Federal Reserve suggests that AI is still in the stages of capability enhancement, capital expenditure, and enterprise adoption; while its application scope is expanding, its intensity is relatively shallow, and efficiency improvements at the task level have not yet been translated into enterprise and macroeconomic output through process reengineering. Historically, there has typically been a time lag of several years between general technology investment and the realization of productivity gains.

According to Hong Kong Stock Exchange filings, Goldman Sachs reduced its short position in Bilibili (09626.HK) from 2.85% to 1.78% on August 27.

According to Hong Kong Stock Exchange filings, Goldman Sachs' long position in Bilibili (09626.HK) decreased from 9.19% to 8.15% on August 27.

The South Korean presidential office announced that South Korea and Japan held an economic and security dialogue in Tokyo, discussing issues such as artificial intelligence, semiconductors, critical minerals, and supply chains.

Invesco Nasdaq Technology ETF: Trading in this fund will be suspended from the opening of the market on September 2, 2026, and will resume at 10:30 on September 2, 2026. Redemption services will continue as usual during the suspension period.

The German Interior Ministry announced that the German Foreign Minister and the Interior Minister will hold a press conference on Tuesday to discuss the attempted drone attack on Leipzig Airport.