Bernstein believes the market may have over-interpreted Federal Reserve Chairman Warsh's Jackson Hole speech as a clear "hawkish signal." Warsh actually emphasized reducing forward guidance, meaning the Fed may be less likely to hint at interest rate paths in advance. Therefore, it will be more difficult for the market to judge "rate hikes or cuts" based on a single speech, and policy expectations may fluctuate more significantly. Meanwhile, artificial intelligence is entering monetary policy discussions. Warsh stated that more than half of this year's capital expenditure growth may come from AI construction. In the short term, AI investment will increase demand for capital, electricity, and equipment; in the long term, it may change the potential growth rate of the economy by improving productivity. Therefore, the Fed needs to assess both impacts simultaneously. Bernstein did not negate the "currency devaluation trade." His assessment is that the US's high debt, high deficit, and rising interest burden remain structural problems; if the Treasury continues to intervene in long-term yields, scarce assets such as gold and Bitcoin may still receive support. (The above views are from a JPMorgan Chase report dated September 2nd.)

The NI225 index fell below 64,000 points, a daily decline of 0.56%.

India's final composite PMI for August was 54.3, compared to 54.6 in the previous month.

India's final August services PMI was 54.1, below the expected 54.5 and the previous reading of 54.5.

Bank of Thailand Governor: Supports any gold tax policy.

The bid-to-cover ratio for the Japanese 30-year government bond auction was 3.79, lower than the 3.86 of the previous auction.